Back in the start of this decade, I read an article that stated the iPhone 4 retailed for $699-750, and had a little under $136 in components and labor.
They have better profit margins then drug cartels.
“I read an article that stated the iPhone 4 retailed for $699-750, and had a little under $136 in components and labor.”
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Apple definitely has great profit margins.
But keep in mind the cost of R&D both for hardware and software.
Same with drug companies. Everyone complains about the $40 pill, but the companies have to do all the research, and jump through government hoops for approval$.