I heard the iPhone 5 costs only $168 to make. They sold it at $700. I understand wanting to make a profit, but $500 per person?!?!?
Even still, the markup, no matter what, is obscene.
Everyone always brings up Apple when they talk about stuff like this. They arent the only ones. All phone manufactures do almost the same exact thing. As do manufactures of other products.
Phones are like crazy cheap if you get them with a contract. I don't know why anyone would buy one without.
My phone cost me $50 and they gave me a $100 gift card for upgrading.