Workers on the iPhone assembly line make $1.78 an hour.
An unprecedented peek behind the curtain of Foxconn's factories in China may have revealed new hints to how much it actually costs to make each iPhone.
ABC's "Nightline" was recently given access to the factory floor, and the resulting reporting has provided some new insights into exactly how iPhones are built, a part of the gadget's gestation process that's typically been a very closely guarded trade secret.
Horace Dediu, blogger, analyst, and former business development manager for Nokia, tried to parse some of the clues and came to some interesting conclusions.
Dediu took two key revelations from the "Nightline" report--that each iPhone takes 24 hours to be built, including 6 to 8 hours of software and component "burn-in" and testing, and that workers on the line make $1.78 an hour.
He then ran that information through some calculations to come up with a new cost range for the labor it takes to make each iPhone, and found the following.