Apple's iPhone 7 is more expensive to make than iPhone 6S: iPhone 7 Scratch Test (VIDEO)

Apple is spending more to manufacture its iPhone 7 smartphone than predecessor iPhone 6S due to features such as a bigger battery and larger storage capacity, according to a teardown by IHS Markit.

Including $5 in basic manufacturing costs, total cost to manufacture the iPhone 7 mobile rises to $224.80, $36.89 higher than the business research provider's estimates for the iPhone 6S.

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