Apple's iPhone X has higher margin than iPhone 8: analysis

The iPhone X smartphone costs $357.50 to make and sells for $999, giving it a gross margin of 64 percent, according to TechInsights, a firm that tears down technology devices and analyzes the parts inside. The iPhone 8 sells for $699 and has a gross margin of 59 percent. The finding is surprising because technology products tend to become more profitable as they age and the parts for them drop in cost.
Read more: http://www.reuters.com/article/us-apple-iphone/apples-iphone-x-has-higher-margin-than-iphone-8-analysis-idUSKBN1D62RZ?il=0?source=Snapzu