I was exaggerating for effect. I just did a quick google:

A new report details how much it costs in materials to make Apple’s top-of-the line iPhone 14 Pro Max. According to Counterpoint Research’s bill of materials (BoM) analysis of the iPhone 14 Pro Max with 128GB, the cost is about $464. That model retails for $1,099

So I’m not far off in the price difference. Like I said overpriced bullshit. But you feel free to keep sucking that apple dong.