The A16 Bionic chip found in the iPhone 14 Pro models costs $110 to manufacture, which is 2.4 times more than the A15 found in the iPhone 13 series and in the iPhone 14.

Nikkei Asia did a teardown of three models in the iPhone 14 series, examining components such as the processor and camera parts. The media company says the new series's production costs are 20% higher than the previous iPhone generation.

In terms of parts, calculations suggest production of the iPhone 14 Pro Max cost Apple $501 in parts, up over $60 from the iPhone 13 Pro Max. The firm calls this a steep production cost, saying parts prices for Max models have ranged between $400 and $450 since the debut of the iPhone XS Max in 2018.

The higher production cost is reportedly due to the A16 Bionic chips in the iPhone 14 Pro models. The chip costs $110, over 2.4 times more than the A15 in the iPhone 13 Pro Max.

Source: Appleinsider