Apple spends an estimated $247.51 on iPhone 8 parts, $288.08 on iPhone 8 Plus
Apple CEO Tim Cook has repeatedly dismissed bill of material estimates as incorrect, but that's not stopping research firm IHS Markit to share its latest findings with industry analysts. This year, the firm estimates Apple spends $247.51 on the components that comprise one 4.7-inch iPhone 8 with 64GB of storage.