...that "that Apple only pays £3.99 to manufacture a £600 iPhone."?
No wonder they had more cash than the US government during the budget crisis.
Of course they refer to the labor cost to assemble the phone not the entire phone itself.
Read the entire report at the first link.
The ruthless squeezing of labor is why there were "1 Million Workers. 90 Million iPhones. 17 Suicides."
I admired Steve Jobs the technological visionary.
The business guy who let this naked exploitation go on?
Not so much.