> Is it unethical for us to sell iPhones for $800 when they only cost $20 to produce? If you're going to make an argument, why make a strawman? My $1000 iPhon

> Is it unethical for us to sell iPhones for $800 when they only cost $20 to produce? If you're going to make an argument, why make a strawman? My $1000 iPhone 7+ costs roughly $220 in materials. [1] Apple's stated gross margins are 39%, and last quarter was a net profit of $17.9b on revenue of $78.4b [2], so that's 22% net profit. So overheads are somewhere around 17%. To sum up where your $1000 on an iPhone goes: $220 components $390 other cost of goods: assembly, transport, packaging, blah, blah. $170 overheads $220 net profit I'm more than happy to allow Apple $220 of profit on my iPhone. You may not, but let's debate that rather than a ridiculous claim that they're only $20 to produce. [1] https://9to5mac.com/2016/09/20/649-iphone-7-estimated-to-cost-apple-220-heres-the-component-breakdown/ https://9to5mac.com/2016/09/20/649-iphone-7-estimated-to-cos... [2] https://www.macrumors.com/2017/01/31/q1-2017-results/ https://www.macrumors.com/2017/01/31/q1-2017-results/