In the May 16 issue of TIME Magazine, the origin of the iPhone’s physical parts was investigated to see how an American product makes money for the world. Because the phone itself is manufactured in China, many may assume that it is the country that makes all the money. The truth is that China only accounts for 3.6% ($7) of the phones total production cost, which is roughly $179. So who is making all the money selling supplies? Number one is Japan with $61 per phone and the number 2 country is actually Germany. With every iPhone Apple sells, Germany’s economy gets $30 richer. While $30 may seem small, multiply that by the 18.6 million iPhones sold in the first 3 months of 2011. That is $558 million added to Germany’s economy in 3 months!
Stephen founded German Pulse and LGBT Germany out of a passion to introduce Americans to a Germany that goes beyond beer and polka (although with enough beer he has been known to polka it up a bit). He's a coffee addict, lover of wine and good times, a hit in the kitchen and editor of TV commercials. You can follow him on Twitter (@StephenWFuchs) to find out a lot more.