The bottom line

Apple’s new iPhone X is more profitable per phone than the iPhone 8. It’s estimated that the parts that go into one X phone cost $357.50, while it sells for at least $999, giving it a gross margin of 64 percent.The iPhone 8 retails for $699 and generates a gross margin of 59 percent. The X’s new 5.8-inch OLED display is the most expensive piece of the device, costing Apple around $65.50, compared with $36 for the 4.7-inch LCD display on the iPhone 8.

Free shipping has become a big burden for online retailers. Nearly a third of all web orders are returned, compared with just 9 percent of purchases made at brickand-mortar stores. Processing and reshipping all those returned items can eat up between 20 to 65 percent of an e-retailer’s cost of goods sold.

Nearly 80 percent of tech company board members have not discussed recent revelations of workplace sexual harassment or sexism in the industry with other board members, according to a survey of more than 400 corporate directors and venture capitalists.

Since the beginning of the year, the value of a bitcoin has jumped more than 600 percent, to above $7,400, putting the combined value of all bitcoins at about $120 billion, or more than many of the largest banks in the world.The rise is credited partly to a renewed interest in bitcoin from hedge funds seeking to capitalize on its booming value.