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How much would the mythical made-in-the-U.S. iPhone cost?

Emphasis on the word 'mythical.'

But we have to start somewhere, so let's take last year's figures by investment bank TD Cowen (via AppleInsider), which estimated the total "bill of materials" cost of making an iPhone 16 Pro Max at $485. If you don't believe Cook, or his predecessor, Apple co-founder Steve Jobs, who shared a similar opinion in 2012, you can take a look at one of the rare, real-world examples we have. One figure we've seen comes from Wedbush Securities' head of technology research Dan Ives, who says that a modern iPhone manufactured in the U.S. would cost around $3,500(he didn't mention a specific model).

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