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Why are i phones so expensive?

I need a new one because my screen is cracked and the battery is now shitty.... I have owned it for two years but it is viewed to me as a luxury, one i adore but I can't spend money on at the moment... WHY ARE THEY SO EXPENSIVE?!?!?!?!?!?!?!??!

Sorry this is more a rant than an actual question!!!

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MURD3RM0NK3Y · 26-30, M

Mine stopped working all of the suddden it wouldn't charge anymore it kept giving me this error message even though I never had that problem before. So instead I bought the moto e5 for $60 from boost mobile. Way cheaper fuck an iphone