iPhone 8 and iPhone 8 Plus BoM estimated at $247.51 and $288.08

IHS Markit published its latest analysis on the production cost of the iPhone 8 and the iPhone 8 Plus, announced by Apple earlier this month. The report shows estimates the total cost of the components at respectively $247.51 and $288.08

iPhone 8 Plus cost breakdown

iPhone 8 Plus cost breakdown

According to analysts, the price of the iPhone 8 Plus 64 GB is $295.44 after the actual process of production and assembly. This is $17.78 higher than the iPhone 7 Plus.

The reason for the higher price is, as IHS Markit puts it, a result of slower annual component cost erosion tied in with additional features. The extra 32 GB of storage and the new wireless charging components push the costs higher.

Looking at a breakdown of the items prices, the display is currently the most expensive part. The 5.5 screen is $52.50, while the chassis along with the actual Gorilla Glass and the connectors come out at $50.95. Then we have the camera setup for $32.50 and the NAND memory, developed by SanDisk for $31.20. The new A11 Bionic chipset costs $27.50.