Undoubtedly, Apple’s iPhone 5, unveiled on September 12, is one of the most desired phones in the U.S. Though the phone will be shipped from September 21, its pre-order sold out within an hour. Operators are selling iPhone 5 with contract from $199 to $399. The unlocked version of iPhone 5 16GB is priced at $649. But, what is the real cost of manufacturing an iPhone 5?