This source [1] says an iPhone 8 Plus was estimated to cost ~$288 in raw materials. This article links to a source that says a $1250 iPhone XS Max was estimate

This source [1] says an iPhone 8 Plus was estimated to cost ~$288 in raw materials. This article links to a source that says a $1250 iPhone XS Max was estimated to cost $453 in raw materials. When you subtract the component cost from the price of the phone, 63.76% of the cost of an iPhone XS Max is profit for Apple which is basically the same as the the 64% they were making on the iPhone 8 Plus. [1] https://www.macrumors.com/2017/09/25/iphone-8-component-costs/ https://www.macrumors.com/2017/09/25/iphone-8-component-cost...