Apple’s iPhone is the most profitable product in America

Apple’s share price might be tumbling and its margins might be squeezed, but the company still holds one title that it likely won’t lose anytime soon: Apple makes the most profitable product in America. MarketWatch this week put together a slide show (sorry) of the eight most profitable products in America. There are plenty of longtime profit powerhouses on the list such as Coca-Cola soda and Marlboro cigarettes, but Apple’s iPhone now sits atop the pile thanks to its 40% margin and sky-high sales volumes. For those who want to see the full list of America’s most profitable products, the full slide show is linked below in the source section.

[More from BGR: Apple iOS 7 beta 3 scheduled for release on July 8th]

This article was originally published on BGR.com