Revealed: The true cost of the iPhone 16

The U.S. investment bank TD Cowen has published a report (via AppleInsider) breaking down the individual parts of the iPhone 16 handsets and analyzing their respective costs. This bill of materials, or BOM, reveals the device’s pure manufacturing costs. (There are obviously other expenses, from R&D to marketing and shipping. But this is how much it costs to make.) Read on to educate yourself. With this knowledge you can amaze your Android-using friends and, who knows, perhaps even convince

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