http://time.com/money/5014941/iphone-x-cost-price/
You pay 1000$ for something that costs 370$ to make.
One of the many reasons I dislike Apple.
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Just about any phone is like that though. Gotta make money.
Here's the BOM for the S7: https://technology.ihs.com/575410/samsung-galaxy-s7-teardown-reveals-ho-hum-refresh