Apple could be making over $638 on every 16GB iPhone 5 sold, according to a new report.
TechInsights estimates that Apple’s 16GB iPhone 5 costs US$167.50 (A$160.07) to make, and with a selling price of A$799, Apple could be making A$638.93 on every sale of the device.
TechInsight’s estimations indicate that the iPhone 5 costs Apple more to make than the iPhone 4S, due to the 4in display, the A6 chip, and other improvements that have added $35 to the cost of building the device.
Apple has revealed that pre-orders of the iPhone 5 topped two million within 24 hours of its launch, doubling the record one million held by the iPhone 4S. This suggests that Apple could have made almost $1.5bn from its iPhone 5 by the time it is released on Friday.
Lines had already begun forming outside Apple Stores last week, with all of the queuers are there for commercial purposes.