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Read the full post >> [email protected] (Meredith Hart).

How much money did you spend on your mobile phone? Oftentimes, you’ll drop upwards of $500 on a new smartphone. For example, let’s take a look at the iPhone X. It costs Apple $370.25 to produce one iPhone X — but its final selling price is $999. The price of the device is marked up by 170%, and this is how Apple makes its profit.

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