The priciest component of the iPhone 15 Pro Max is its camera, which costs approximately 3.8 times more than the 3x optical zoom telephoto camera in the predecessor, the 14 Pro Max and 15 Pro.
The iPhone 15 Pro's "titanium frame" is a premium choice, replacing stainless steel. Titanium offers advantages of being lighter and more durable, despite its higher cost of $35 per kg compared to stainless steel at $1 per kg.
The exclusive 'A17 Pro' chip in this model saw a 27% price increase compared to the previous A16 Bionic chip. It's manufactured using TSMC's 3-nanometer process in Taiwan.
Costs for all iPhone 15 models have risen. The estimated parts cost for the iPhone 15 Pro Max is $558, a 12% increase from the iPhone 14 Pro Max.