If you've been considering upgrading to the iPhone 11 Pro or iPhone 11 Pro Max, no doubt you're asking yourself whether the phones are worth their $999 and $1099 respective retail prices. Now, thanks to NBC News (via TechInsights) we know exactly how much it costs Apple to make its new cellphones.

In the video below, NBC breaks down each part of the phone's various elements, discloses out much they cost individually, and then adds everything up to reveal the total production cost.

Taking the iPhone 11 Pro Max, we're told that the screen costs $66.50, the battery is $10.50, the new triple camera design is $73.50, and the processor, modems, and memory equal a total of $159. Everything else — sensors, holding material, assembly (which we assume means labor) and more— all come to $181, which delivers a total production cost of $490.50. That's less than half of Apple's $1099 retail price for the iPhone 11 Pro Max. Of course, this breakdown doesn't include research, development or marketing which would significantly increase the overall cost to Apple.

Find out more in the video below.

On this week's episode of The Dropcast, we are joined by Treis Hill and Rob Cristofaro, partners-in-crime at Alife, who are on to celebrate the 20th anniversary of the New York City-based lifestyle, street, and skatewear brand.