Apple sells its new iPhone handsets at more than double production costs, according to estimates by ISuppli Corp, a technology industry researcher.
The most expensive model, which retails for $599, has component and manufacturing costs of $265.83, El Segundo, California-based ISuppli said on Tuesday on its website. Excluding costs for logistics and royalties, Apple generates margins exceeding 55%, the report said. Jill Tan, a spokeswoman for Apple in Hong Kong, declined to comment on the report.
Read more: Apple iPhone price said to be double its cost