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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