Funny how apple get a free pass, and this undoubtedly go pretty much unreported by the mainstream media, who are all keen to remain on the payola train of free kit, and lavish all expenses paid product launches and PR events,. All paid for of course by the brain-dead cretins who paid £300 over the true value of their phone because it's got a fruity logo, BECAUSE the press told them how great it was and buried anything that suggested otherwise.
Wow. You do seem overly angry by what is essentially consumer electronics. Take a step back and chill for a bit; you don't want an aneurysm before you're 20.*
Do you really believe this btw? Do you really think people base their purchasing decisions on what they read in the press? Year after year?? Is it not possible that maybe some people just have different criteria than you? Or are you the only person who's noticed the glaring holes and if only you could make people see??
It's a vicious circle, the more braindead consumers continue to buy £1000 phones that cost £150 to make, the more money Apple have to spunk on keeping the press on side, and so it carries on...
Okay, so Apple do make a decent profit per phone, but that figure you're quoting is the bill of materials, it'll only get you a pile of expensive looking components, the phone costs much more than that to make. Unless you think marketing, packaging, software development, testing, distribution, support (returns/repairs) and the rest all come for free.
As Ringo says... Peach and love... Peace and love....
* On a brighter note, if you're that angry about consumer electronics your life is probably in general pretty much okay, and probably better than a lot of the world, so there is that.