Your $650+ iPhone 6 (or $199+ with carrier contract) only cost Apple around $200 to build, according to a new report from Recode. Using teardown data from research firm IHS, the site says that the Cupertino firm spends between $200 and $247 in parts and labor to build an iPhone 6.
For the larger iPhone 6 Plus, IHS says that Apple spends between $216 and $263 on parts and labor, depending on the model. The estimates include the cost of labor associated with assembly as between $4 and $4.50 for each device, but not R&D, shipping, marketing and other affiliated costs.