“Apple Inc. sells the new iPhone at more than double production costs, suggesting the new handset may be more profitable than rivals from Motorola Inc. and Nokia Oyj. The shares rose the most in six months to a record.

The most-expensive $599 model has component and manufacturing costs of $265.83, which translates into margins of more than 55 percent, according to iSuppli Corp. The research firm tore open an iPhone to identify the components in the device.”

http://www.mcall.com/business/local/all-iphone.5928727jul04,0,1555692.story?coll=all-businesslocal-hed