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Apple’s cost of iPhone 4S $188; Cost of iPhone 5 $199

Apple’s basic new iPhone costs the company just over $200 to make, according to a preliminary component report from analysis firm IHS iSuppli.

The materials in the 16GB model of the phone, the firm said, cost Apple $199 while manufacturing shakes out to about $8 per phone. The iPhone 5’s materials come to a slightly higher total than the iPhone 4S. Andrew Rassweiler, IHS’s senior principal analyst for teardown services, said that the [...]

Austerity At The Olympics: Each “Gold” Medal Contains 1.34% Gold

As every Olympic athlete knows, size matters. The London 2012 medals are the largest ever in terms of both weight and diameter – almost double the medals from Beijing. However, just as equally well-known is that quality beats quantity and that is where the current global austerity, coin-clipping, devaluation-fest begins. The 2012 gold is 92.5 percent silver, 6.16 copper and… 1.34 percent gold, with IOC rules specifying that it must contain 550 grams of high-quality silver and a whopping 6 [...]