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Making a Xiaomi Mi 11 and an iPhone 12 costs exactly the same

The Xiaomi Mi 11 and iPhone 12 cost the same to make but are sold at different prices.

Many are the users who affirm that the price of Apple phones is quite high, that they sell well above what it really costs to make a smartphone and that of course, Bitten apple devices are overrated.

It is true that Apple products are not really the cheapest on the market and it is that we all know that Apple achieves more than decent profits per unit sold, quite the opposite of other brands such as Xiaomi, whose profit margins per smartphone sold are scarcer.

However, Did you know that both the Xiaomi Mi 11 and the iPhone 12 cost the same to manufacture? How is it possible if both have very different prices?

Well it seems that yes, Apple sells much more expensive than what it manufactures

Xiaomi case with 10,000 crystals.

Making the Xiaomi Mi 11 and the iPhone 12 costs the same

We read in It Home that the new Xiaomi Mi 11 and the iPhone 12 cost the same to manufacture and all this despite the fact that the official price of both devices is not the same.

A little over a year ago, it was revealed that Apple would indeed be making about $ 500 per iPhone sold. For example, at the time the cost of parts for a 64 GB iPhone XS was approximately $ 392.5, while the official selling price of this product in a country like the United States was $ 1,099. Almost nothing the difference.

Today things seem not to have changed much. Experts say that the price of making an iPhone 12 is $ 373 and that according to calculations, it is practically identical to the new Xiaomi Mi 11. The difference? That the prices of both are very different.

The official price in the United States of the most basic model of iPhone 12 is 799 euros while the Xiaomi Mi 11, that we remember mounts the powerful Qualcomm Snapdragon 888 it is about 3,999 yuan, or just over $ 600.

Although it may obviously seem that Apple sells its phones much more expensive because all it wants is to make money (which is also true), analysts acknowledge that they have only taken into account the some possible manufacturing costs and not all, since you also have to take into account the materials, workers' salaries, administrative costs as well as advertising and logistics.

Be that as it may, it is curious to know that actually mobile phones are practically all cut by the same pattern and that they all have –almost– the same manufacturing costs. Obviously, when setting the price of a product, many other variables must be taken into account, except that you are indeed Xiaomi and that you can allow yourself to obtain only a 5% profit per mobile sold.