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Almost all the world was eagerly waiting to see Apple's new iPhone  7. Now Apple has released the iPhone 7 and it costs about 649 dollars.  Many customers around the have been disappointed about the astonishing price range.

CNN Money Web site had added a video to the Internet, including production cost of iPhone 7.

Finally, the video shows that Apple spent only 292 of American dollars to make an iPhone 7. However, It costs about 649$ when it comes to the market.

What do you think? Is the price of iPhone 7 is fair or not ?

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