BoM: iPhone 12 Costs 21% > iPhone 11. But Cameras $3.6 cheaper!

  • The blended materials cost for the iPhone 12 with 128GB NAND flash is nearly $415, a 21% increase over the iPhone 11.
  • But iPhone 12 cameras cost $3.6 less than iPhone 11's
  • In the iPhone 12, Apple’s self-designed components including the A14 bionic, PMIC, Audio and UWB chip make up over 16.7% of the overall BoM cost.
  • The shift from LCD to OLED in the iPhone 12 is a big jump, resulting in an over $23 cost increase.
  • Cost increases are also driven by