Yet iPhone Drones around the world will pay the price…

LONDON — The cost of manufacturing each 4GB version Apple’s iPhone is put by market analyst group iSuppli at about $230, meaning each of the phones sold could generate a 50.7 percent gross margin for Apple Inc. and partner Cingular Wireless.

This, the researchers suggest, gives Apple plenty of opportunity for future price cuts as the market takes off.

Apparently the iPods aren’t innocent either…

Rebello says such a strong hardware profit is par for the course for Apple, with the company having achieved margins of 45 percent and more in products including the iMac and iPod nano.

Source: EE Times