The iPhone 5 costs $167.50 To Build - Apples most expensive iPhone
According to those "analysts" the cost of materials for the iPhone 5 is $167.50. Before the trolling starts (example) about how much Apple make on an iPhone lets not forget all those other little things, like Research, Development, Manufacturing, Shipping. Read on to get the full cost of how much the parts cost for the iPhone.
Estimated Bill of Materials Costing Comparison for the iPhone 4, iPhone 4S and iPhone 5 (source)