In the Android camp, there is this general idea that the iPhone is “overpriced.” This is because iPhones are usually much more expensive than Android phones, even if their specs are similar. However, most iPhone users do not see things this way. They believe that the iPhone offers good value for money. According to a new report, a Japanese teardown specialist, Fomalhaut Techno Solutions, recently took down the Apple iPhone 12 to assess the material cost. According to its result, the iPhone 12 material cost is about $373.

In terms of main components, here are the prices of the iPhone 12 parts according to Fomalhaut’s estimation