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Is Apple's IPhone Pricing Outrageous Or Sound Business?

Wochit 0:31 mins

A teardown by IHS revealed that Apple's iPhone 5c costs the company $173 to produce, representing a 12 percent reduction compared to the iPhone 5. The entry-level iPhone 5s, meanwhile, sets customers back $199. The news was not at all surprising. Apple has for years been building products for a relatively cheap sum.

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