Any mobile buyer in the UK looking to snap up the new Galaxy S8 in its SIM free form can expect to pay at least £689, putting it at the upper end of the market in terms of price. But now figures from IHS Markit show that Samsung itself is having to splash out a sizeable sum to manufacture this cutting edge device.
The components alone cost just over $300 (£234) and each S8 also bears a £4.60 production cost. This is much more than the £174 that Apple pays to produce every iPhone 7 that rolls off the production line.
The second most expensive smartphone in terms of manufacturing costs at the moment is Google’s Pixel XL, but even this device is quite a bit more affordable than Samsung’s latest release.
Of course, this is all due to the cost of the leading technologies that have been corralled into the S8, with most buyers more than willing to fork out that extra cash in order to ensure that they have the world’s most powerful, future-proof phone in their pocket. Thankfully, there are lots of other affordable alternatives that are cheaper to build and buy.