Still cost more than than the iphone to make and manages to cost 1k

Unfortunately, articles like this one never mention the research and development (R&D) costs required to engineer and release a phone. The costs of the equipment and software required to design such a device, as well as the cost of prototyping and testing said device can run in the billions of dollars. Once you add the expense of paying employees (and third-party companies) to design, test, build, package, market, package, and ship the phone, Samsung is most likely not making nearly as much profit as this article suggests.

This is a little bit of an oversimplified analysis... Component costs may have only increased by $40, but we do not have visibility of R&D, Engineering, and Testing costs. These can be quite expensive!

Clearly this is only the hardware cost, also it would provide perspective if there are figures regarding competing flagships at this price point.