According to research firm IHS, the 32GB version of the Galaxy S4 sets Samsung back $237 (around £152 / AU$232) per unit, while the 16GB iPhone 5 with its premium metal and glass chassis costs Apple $205 (around £132 / AU$200).
The teardown was performed on a US variant of the Galaxy S4 which sports a quad-core Snapdragon processor, while the cost of the Asian version will be around $8 (around £5 / AU$8) more expensive thanks to the Exynos octa-core chip inside.
Perhaps knowing how much it costs Samsung to produce the Galaxy S4 will soften the blow when you come to part with your hard-earned cash, but clearly there's still a healthy profit to be had.
Come fly with me
The Galaxy S4 hasn't been keeping its feet on the teardown operating tablet though, as Romanian site SamsungMobilers has strapped it to a remote control helicopter and taken it for a spin round its local town.
You can check out the full HD video recorded on the handset below and, while it is pretty impressive, we're not sure if we'd risk strapping such an expensive phone to a drone.