From the outside, Apple’s iPhone 3G S seems nearly identical to the 3G model released last year, but it’s what’s on the inside that matters they say. Indeed the company claims their latest and greatest smartphone offers twice the performance of its predecessor, longer battery life, and an improved camera. But who and what is behind the device’s capabilities? Looking to answer that question, iSuppli has performed one of their accustomed teardown analyses, showing the source of components and estimating the manufacturing costs.

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Hmmm, an FM receiver?