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Apple's iPhone 7 more expensive to make: IHS Markit

Tech

Apple's iPhone 7 more expensive to make: IHS Markit

Reuters Published on Wed, Sep 21, 2016 / 8:02 AM GMT+8

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BENGALURU (Sept 21): Apple Inc is spending more to manufacture its iPhone 7 smartphone than predecessor iPhone 6S due to features such as a bigger battery and larger storage capacity, according to a teardown by IHS Markit Ltd.

Including US$5 ($6.80) in basic manufacturing costs, total cost to manufacture the iPhone 7 mobile rises to US$224.80, US$36.89 higher than the business research provider's estimates for the iPhone 6S.

Apple retails an unsubsidized 32GB iPhone 7 at US$649.