Did Apple Just Prove the iPhone Could be Cheaper?

More than one person has pointed out that the new iPad Mini is cheaper than the new iPhones, with essentially the same hardware.

https://www.youtube.com/watch?v=jPidIspifRM&t=837s

The Semiconductor Heist Of The Century | Arm China Has Gone Completely Rogue, Operating As An Independent Company With Inhouse IP/R&D – SemiAnalysis

https://semianalysis.com/the-semiconductor-heist-of-the-century-arm-china-has-gone-completely-rogue-operating-as-an-independent-company-with-their-own-ip/