Probably. An industry analysis firm named iSuppli recently performed a teardown analysis on BoM (bill of materials) costs involved with the iPhone, added estimates on royalties and other costs Apple will incur, and have estimated that that iPhone will cost Apple roughly $280 to make. At that price, there's plenty of room for Apple to make $200-$300 profit on each unit they sell.
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Well, we've finally got a reason to exist!
After almost a year of speculation, the Apple iPhone has been announced. During an almost two hour keynote address by Steve Jobs today, months of rumors and second guessing have been laid to rest. Apple has announced what time may prove to be the most innovative device it has ever designed and produced.