A Japanese study of the iPhone price structure shows where the money goes, and surprise: just a little goes to the Chinese (only $6.5 / unit)! The iPhone's Trade Deficit Problem How Apple's iPhone Widens the Trade Deficit With China (And How to Fix That) How the iPhone Widens the United States Trade Deficit with the People's Republic of China By Yuqing Xing and Neal Detert (the paper in .pdf) <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3097842>