We’ve already seen a teardown for the iPhone 5s and 5c and even a drop test for the two devices, but now research firm IHS has torn Apple’s new smartphones apart in an effort to figure out exactly how much they cost to build. According to the firm’s report, the build-cost for both handsets comes in at just under $200.

IHS claims the components that make up the 16GB iPhone 5s costs $191, while the 64GB model costs $210. The firm adds that the cost of assembly in China is about $8 per unit. Meanwhile, the iPhone 5c build-cost ranges from $173 to $183, including $7 for assembling each unit.

The firm also notes that, aside from a few new parts, the two handsets are nearly identical on the inside. IHS analyst Andrew Rassweiler told AllThingsD, “except that the 5s has the fingerprint sensor, the A7 processor and some newer memory chips that consume less power… they’re basically the same.”