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Who knows, who cares on what the cost is. What may not be known is the R&D cost in designing the bands.
 
It is not unusual for different products to have different margins.
But according to people here every Apple product has ridiculously high margins. The numbers are there for everyone to see in Apple's financials. Based on their last quarterly filing gross margin was 39.6% and profit margin was 21.5%.

http://www.sec.gov/Archives/edgar/data/320193/000119312515259935/d927922d10q.htm

According to an industrial designer who's written about Apple's manufacturing processes before, the chemists he spoke to were baffled that Apple is using fluroelastomer as it's very expensive.

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I don't see what the issue is, they are the same as a Marc Newson Ikepod strap and they are on eBay for over £200.
 
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