How Much Apple Is Making Off of Your iPhone

So a contract-free iPhone 6 costs at least $649 (that's for the version with the least storage), while the 6 Plus costs between $749 and $949. Now, what if we told you that it only costs Apple $200 in materials and manufacturing to make the device. That's right, the company makes $449 from each sale of an unlocked device.

According to the research firm IHS, assembly labor costs a mind-boggling $4 to $4.50 for each device and the most expensive component is the $45 display on the iPhone 6, or $52.50 for the 6 Plus. Apple definitely pockets a little extra cash for those who pick the 6 Plus with a larger display, which is $100 more than the iPhone 6.

All of this means that the carrier price offered to people with a new two-year contract ($199 for the iPhone 6 and $299 for the 6 Plus) is fairly close to the cost of iPhone materials and manufacturing. The downside is that you're shackled to AT&T, Verizon, or Sprint for 24 long months.

So, is the new iPhone worth it? Decide for yourself. With new iPhones getting bent out of shape, Apple may want to take its devices back to the drawing board.