IPhone 7 will be sold in India for rs. 60000( 32 GB version) .in the U.S it will be sold for 649$ ( approx rs.43000) .so, the total cost of making i7 will be around rs. 20000. That means they are selling rs. 20000 cost of phone for rs.60000 making rs. 40000 profit each phone.
LMFAO.! Funny thing is cost of making one plus 3 and iPhone 7 is almost same.