The iPhone X Is Crazy Expensive to Build, Which Is Why It Costs $1,000

The iPhone X Is Crazy Expensive to Build, Which Is Why It Costs $1,000

Apple (NASDAQ: AAPL) is packing a ton of advanced features into its new flagship iPhone X, which is why it's bumping the price all the way up to $1,000 for a base 64 GB model. That's a significant premium compared to the company's historical pricing model. Investors may think that at $1,000, Apple will be enjoying a lucrative gross margin on the device, but at least one analyst thinks the exact opposite will be true.

The iPhone X is going to be crazy expensive to build.

Image source: Apple.

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Source: Fool.com