UBM TechInsights analysts speculate Apple's next-gen iPhone could have a bill of materials cost between $169 to $175, significantly more than the $156 for the current iPhone 3GS.
Analysts were quick to caution the figures are based on speculation, in part from pictures and videos on the Internet of what appear to be next-generation iPhone handsets. The images appear authentic but could not be independently authenticated.
Apple Inc. has not commented on its iPhone plans, but is widely expected to refresh the product line at its developer conference in June.
The bill of materials figures are based on estimates of current and future handsets using 16 Gbytes memory. Costs could go up to as much as $250 for a 64 Gbyte model.