Apple Is Overcharging You By $400 For The iPhone 7, New Research Reveals
Finally got your hands on the new iPhone 7, set it all up and arranged your apps just how you like? Good.
Now pick up the phone and throw it against a wall -- it's worthless.
Well, technically it's not worth nothing, just a hell of a lot less than what Apple is charging you.
According to new research by analytics company IHS Markit, the iPhone 7 with a 32GB memory costs $224.80 to make.
But it has a price tag of $649 for chumps like me and you.
A spokesperson for the firm explained how they came about these findings,
It's a higher markup than the previous iPhone models. Part of the inflated price this year is to do with materials used.
Apple had to make everything water-resistant. They also dropped in a bigger battery, taking up space where the headphone jack once was.
On top of this is another unlikely price-driver: The jet-black finish.
The report explained it is a "lower yielding, time-intensive manufacturing step that adds cost, as well as considerable value."
Andrew Rassweiler, senior director of cost benchmarking services for IHS Markit, said,
A breakdown of the iPhone 7 Plus has yet to be done. But you can bet your bottom dollar this model is even more of a rip-off.