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The large-screen version of Apple's latest phone retails for more than three times what it costs to produce, according to a teardown analysis by research firm IHS.
Apple spends $236 to make each iPhone 6s Plus device, which it sells for over three times that value at $749—a 217.4 percent markup that highlights the tech giant's ability to dominate the premium market while other smartphone makers struggle.
The bill for materials for a 16-gigabyte iPhone 6s Plus comes in at $231.50, which rises to $236 once manufacturing costs are added, according to IHS. The iPhone 6s Plus costs just $16 more to make than the last year's model, with Apple benefiting from cheaper components to boost margins.
One of the biggest additions to the new iPhone is the so-called 3-D Touch feature, which allows users to carry out different tasks depending on how much pressure they put on the screen.
IHS said the screen costs $52.50, making it the most expensive compenent of the 6s Plus.
Apple has also upgraded its main camera to 12 megapixels in the iPhone 6 and 6 Plus from 8 megapixels in the previous versions. The front-facing camera has also been upgraded. IHS said the cameras cost $22.50 on each device.
IHS noted that the decreasing cost of many iPhone components was helping Apple's profitability. A 16 GB now costs Apple only $5.50 per unit, but the sale price difference between a 16 GB and 64 GB model was steep, IHS noted.
"Flash is now so cheap it's almost irrelevant, but Apple monetizes this difference with consumers, to the tune of $100 for each additional step-up in memory capacity," Andrew Rassweiler, senior director of cost benchmarking services for IHS Technology, said in a news release.
"For example, a 64 GB iPhone now costs Apple about $17 more to make than a 16 GB iPhone, but Apple charges iPhone buyers $100 more for the increased memory. This is part of Apple's ongoing strategy to improve profits by selling a product mix that is heavier in the higher-end iPhones."
Apple sold a record 13 million iPhones 6s and 6s Plus units three days after their launch, the company said on Monday, more than any previous first weekend sales results.