The new iPhone X may retail for over $1,000, but according to a teardown by engineers at IHS Markit, the 64GB model costs Apple in the vicinity of just $370.25.
That’s around $50 more than the previous most expensive iPhone, the 256GB iPhone 8 Plus. Understandably, what makes the biggest difference in terms of components are the TrueDepth sensor and the Super Retina OLED display.
