Well, despite the recent well-deserved rise in Apple’s stock price, it seems they can’t get a break. There are widespread reports in recent weeks of various and sundry problems with the iPhone 3G. On the plus side, this hot new gadget is selling out almost everywhere it’s on sale, and some 60 million iPhone apps [...]

You’ve read the reports. It costs an estimated $265.83 to buy the raw materials and build the $599 iPhone. So Apple is, therefore, making 55% profit on every unit sold.
Does that mean that Apple is cheating you?
I’ve seen estimates of that sort before on iPods and other Apple hardware, and I’ll accept, for the sake [...]