The combined cost of materials used to produce one unit of US tech giant Apple Inc.'s 64 GB iPhone X is estimated at $370, an industry tracker said Thursday.
"The iPhone X is the most expensive iPhone ever made, and it has the highest retail price tag of comparable flagship phones, catapulting the smartphone industry to an entirely new price point," IHS Markit said.
"The X's superior screen and TrueDepth sensing set the phone apart and contribute to its higher cost," it added.
The 64 GB iPhone X was released in the United States with a price tag of $999. The device is expected to be launched at 1.42 million won ($1,274) in South Korea later this month.
IHS Markit said the bill of materials for the 64 GB version of Samsung Electronics Co.'s Galaxy S8 was estimated at $302, compared to its retail price of around $720. (Yonhap)