

TBH most of the cost is from the individual components. The core chip fab, the memory fab, the oled screen fab, the battery, power regulation, cameras, all massive operations and very automated. Not to speak of the software stack. Or the chip R&D and tape out costs.
The child labor is awful, but it’s not the most expensive part of a $1k+ iPhone.
Excess carrier inventory they can write off as a loss since the Plus didn’t sell as well, or so I was told.