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Here’s how much the iPhone X costs Apple to make

ELIJAH NOUVELAGE/AFP/Getty Images

The iPhone X’s bill of materials — the total cost of the smartphone’s components — is the highest ever for an Apple smartphone.

When Apple unveiled the iPhone X, its $999 retail price attracted criticism. But the iPhone X comes with a high price tag for Apple, too. The iPhone X’s bill of materials — the total cost of the smartphone’s components — is the highest ever for an Apple AAPL, -0.06%  smartphone at $370.25, according to a report from IHS Markit INFO, -0.41%  released Wednesday. Comparatively, the bill of materials was $255.16 for an iPhone 8 and $237.94 for the iPhone 7. Apple declined to comment on the report. Two features of the new device drive its higher manufacturing cost, according to IHS Markit principal analyst Wayne Lam: The improved screen and the Face ID technology.
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