Oh really? I didn't realize you had inside accounting info on iPhone's cost structure. But let me see....if the workers are happy (and apparently they are) and if the customers are happy (and most of them are) and Fed Ex is happy (and they certainly are) - isn't the conservative option to but out?
Not a fan of Apple, but if that approximate figure of $3.40 an hour is accurate it’s a very nice living wage for a Chinese production worker. And as I made sure to teach my kids when we would talk about business and I would ask them what something should cost, it’s whatever the market will bear and not leave unsold product on the shelf, and the only people any company owes an explanation to about how it prices its products are the owners (share holders). Naturally, these simple facts would escape someone whose business is based on tricking suckers into a theater to watch his 90 minute dog and pony light show at $10 a pop.