Technology

Here's How Much Apple Pays to Build Its HomePod Smart Speaker

6 days ago   |   By

Apple's HomePod smart speaker is substantially more expensive than competing devices. But there might be a good reason for that: it costs a lot to build it.
The tech giant pays $216 to build a single HomePod unit, IHS Markit told Bloomberg on Thursday after analyzing all of its components. At a $349 price, the HomePod generates for Apple a $133 profit, or about a 38% margin, on the sale of each unit, the market researcher said.
Apple is known for generating significant margins on the sale of its products. The company's iPhone, for instance, is often sold at more than twice what Apple pays...
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