According to analyst Gene Munster, Apple brings in $831 for every iPhone. About three quarters comes from its cut of AT&T's bills, and the ultimate profit is $580 per handset. The New York Times considers this "rather shocking."
For reference, $580 will buy 11,360 Red Twizzlers, 77 birthday cakes, or one used El Camino.
The $831 Phone [NYT]
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