Irish double tax evasion, or something like that.
..............
iPhone8s
costs $14 to buy wholesale in China.
sent to Ireland for $400 worth of ‘’’programing’’’
bought by Apple-USA for $450.
sells for $600
https://en.wikipedia.org/wiki/Double_Irish_arrangement
I think $14 was the cost of assemblying an iPhone from the components, but the components cost a lot too.
Component costs for the new 16GB iPhone SE are estimated to be at about $160, according to a preliminary teardown report from IHS iSuppli.
And thats just for the SE