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September 21st, 2012
05:54 AM ET

iPhone 5 hits stores today – Christine Romans breaks down the cost to produce and the cash boon for Apple

The new iPhone 5 hits stores today and people are already lining up around the world. It goes on sale at 8am on the East Coast, but people have been lining up in Tokyo, Sydney and London to get the latest Apple phone.

Christine Romans has the details on the latest Apple creation. She also breaks down exactly how much it costs to make the iPhone 5, as well as the cash boon it is expected to reap for the tech giant.

Filed under: Apple • iPhone 5
soundoff (One Response)
  1. Misty D.

    I refuse to buy into the iPhone craze...it is sickening to me that people will camp out for days and pay hundreds of dollars for an object that they'll feel the need to replace when a newer, supposedly better version of it comes out a few months later. Yet, ask people to camp out days and spend hundreds of dollars to help someone in need and they'll look at you like you are stupid. People talk about Apple products as if they were forged by God himself. Being materialistic and feeling the need to buy into the latest fads is part of the problem with humanity today.

    September 22, 2012 at 1:10 am | Reply

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