Revealed: Cost to build iPhone 15 Pro Max explains its hefty £1,199 price tag

The long-awaited iPhone 15 was finally revealed last month, as fans rushed to get their hands on the latest models from Apple.

The standard phone starts at £799 ($799 plus tax), while the iPhone 15 Pro will cost £999 ($999 plus tax) and the larger pro Max will set you back £1,199 ($1,199 plus tax).

While the standard and Pro models come in at the same price as the iPhone 14 equivalents cost when they were released the previous year, the 15 Pro Max is £100 (and $100) more expensive than its predecessor – a 9 percent price rise.

But the reported cost of building this flagship device may justify the hike, as the 15 Pro Max is priced 12 percent higher.

This is due to a host of new features, not least the company’s first ever tetraprism 5x telephoto camera.

A cost breakdown of the new iPhone 15 Pro Max explains why it’s selling for £100 more than the new 14 Pro Max a year ago – with the new model starting at £1,199 ($1,199)

The teardown found that the iPhone 15 Pro Max costs Apple $558 (£460) in total, a 12 per cent increase over the production cost of the 14 Pro Max. Pictured: iPhone 5 disassembled

The all-new 5x quad-prism telephoto camera (above) has been one of the major contributors to this price hike, as it’s worth 3.8 times more than the iPhone 14 Pro Max camera

Cost breakdown by Nikki It found that the component parts for the new iPhone 15 Pro Max cost Apple $558 (£460) – 47 per cent of what it sells for before taxes.

The piece-by-piece analysis estimated that the screen costs 10 percent more in the new model compared to the 14 Pro Max, while the titanium frame in the 15 Pro Max raised the cost of that part by 43 percent.

The new A17 Pro chip processor costs 27 percent more than the A16 Bionic processor used in the 14 Pro Max.

One of the most popular upgrades on the new phone was the updated camera, which is said to be worth 3.8 times more than the previous version.

This increased cost also translates to the other iPhone 15 models, though it’s not quite as noticeable, as the Pro comes in at an 8 percent higher cost than the 14 Pro assembly, and the iPhone 15 Plus costs about 10 percent more than it does. predecessor.

However, the biggest relative price increase is in the base model, despite its price not having changed since the iPhone 14 was new a year ago.

The iPhone 15 appears to cost Apple $423 (£349) to make – 16 per cent more than the 14 – making it the best value of the bunch.

It also has the highest cost-to-price ratio of the iPhone 15 range, with the base model costing Apple 53 percent of the final sales cost, compared to 49 percent for the 15 Plus, 52 percent for the 15 Pro and 47 percent for the 15 Pro Max.

MailOnline has contacted Apple for comment on these figures.