An article on fortune.com estimated that the cost of materials in Apples iPhone 7 with 32 gigabytes
Question:
An article on fortune.com estimated that the cost of materials in Apple’s iPhone 7 with 32 gigabytes of memory was $225. Apple was selling the iPhone 7 for $649. Can we conclude from this information that Apple is making a profit of about $424 per iPhone? Briefly explain.
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No we cannot conclude that Apple is making a profit of 424 per iPhone The article states that t...View the full answer
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