It may seem a little far out, but UBM TechInsights published today (Friday) that the iPhone 5 that you covet so dearly is probably worth just $167.50 to Apple. In-fact, the A6 processor, the display, cover glass and touchscreen (probably the two main features of Apple’s latest device) were valued at only $53.50 combined.

Of course, you couldn’t just pop down to the shops and buy all the parts individually to make a DIY iPhone 5, but the point still stands, and the fact that Apple will still charge $649 for the device off contract leaves you with no doubt how Apple is now – as near as makes no difference – a company worth $650 billion.

Okay, well $167.50 isn’t totally accurate, as it doesn’t include the cost to Apple for such things as: Assembly, Shipping, development (both hardware and software) and research. Even so, if that means that Apple is only receiving a small return on each device, then I will happily abandon my education to pursue a career in Ballet (trust me, that would be a whole lot more ridiculous if you knew me), that’s how sure I am.

The chart that UBM TechInsights created is interesting, so take a minute to read it, and if you have any opinions; how excited you are for your iPhone 5, if you’re disgusted about the profit that Apple is making, or even if you just want to tell me that my jokes are awful, leave your thoughts in the comments section below.

Via: AppleInsider