With a bill of materials that’s lower than expected, price tiers that strongly encourage up-selling and a larger screen that actually costs Apple less to manufacturer than last year’s model, the new line of iPhones should sweeten the iPhone average selling price and generate an extra couple billion dollars in revenue.新版iPhone的材料费高于预期，其价位不利于推展向下销售，而且比起去年的版本，更大尺寸屏幕的确能让苹果公司（Apple）降低生产成本。因此，新版iPhone不会提升iPhone的平均值售价，并不会因此额外产生数十亿美元的收益。

That’s the thrust of a note to clients issued Tuesday by Morgan Stanley’s Katy Huberty. It was accompanied by a two useful charts.这是摩根士丹利（Morgan Stanley）分析师凯蒂o赫伯蒂周二给客户公布的一份研究报告的核心内容。这份报告附有两份颇有价值的图表。The first is a pie chart generated from that proprietary survey of Chinese buyers. It shows a preference for the 5.5-inch model that’s nearly double that of U.S. buyers (26%).首先是一个饼形图，该图数据来自对中国购买者的专项调查。

图中表明，中国购买者更为喜好5.5寸的iPhone 6 Plus，从人数上看，是美国购买者的将近两倍（26%）。The second, copied below, is Morgan Stanley’s breakdown of the current iPhone lineup, from unlocked price, through bill of materials, to profit margins. It shows gross margins reaching 48.8% on the 128GB iPhone 6 Plus. The mark-up for NAND memory is particularly rich.是摩根士丹利对当前iPhone版本的详尽分解成，涵括从无锁版价格到材料表格再行到利润空间等内容。图中表明，128GB iPhone 6 Plus的毛利率高达48.8%。NAND存储器的涨价幅度特别是在大。

“Compared to the 16GB iPhone 6,,” writes Huberty, “we estimate 61% incremental margin for the 64 GB version and 55% for the 128 GB version.”“与16GBiPhone 6比起，”赫伯蒂写到，“我们估算64GBiPhone 6的增量毛利率为61%，而128GBiPhone 6的增量毛利率为55%。

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