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A comment on The iPhone SE was the best phone Apple ever made, and now it’s dead. Parent comment

Re:The iPhone SE was the best phone Apple ever made, and now... by zaroth on Friday September 14, 2018 @08:45PM (#17992249)
What does 100%+ margins mean?
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Re:The iPhone SE was the best phone Apple ever made, and now... by erikpukinskis on Saturday September 15, 2018 @12:31AM (#17992998)
They probably mean it costs less than $175 to make and they sell it for $349.
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Re:The iPhone SE was the best phone Apple ever made, and now... by rockinghigh on Saturday September 15, 2018 @03:09AM (#17993355)
That’s a gross margin of 50%.
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Re:The iPhone SE was the best phone Apple ever made, and now... by ksec on Saturday September 15, 2018 @10:05AM (#17994330)
Yes.... unfortunately many do not understand the difference between Margin and Mark up.
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Re:The iPhone SE was the best phone Apple ever made, and now... by J_cst on Saturday September 15, 2018 @04:10PM (#17995841)
Just for the records:

Margin = profit / sale price Markup = profit / cost Profit = sale price - cost

I frequently meet people that are not aware of the above.

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