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The 16GB and 32GB versions of the iPhone 5 (AAPL) respectively carry manufacturing costs of $207...

The 16GB and 32GB versions of the iPhone 5 (AAPL) respectively carry manufacturing costs of $207 and $217, estimates iSuppli after conducting teardowns. Apple's total cost is higher, after factoring expenses such as R&D, marketing, royalties, and investments in securing component supplies, but with unsubsidized prices starting at $650, expect Apple's iPhone gross margins to remain enormous. (prior teardowns)
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