I don't want to defend the apple tax, or journos using the full retail value of unsold goods, but 16 USD for an iphone is way off
According to this reasonably credible sounding thing
The bill of materials for an iPhone 7 is 225 USD.
To this you need to add manufacturing costs, packaging and shipping - maybe 25 USD
You should also allocate some portion of R&D, marketing and admin costs, Apple spends around 10B USD a year on R&D, amounting to 4% of revenue (234B USD), so we could estimate that around 30 USD of the 650 USD price of an iPhone is R&D.
If we allow similar amounts for marketing and admin, we get to around 100 USD total for overheads.
So my estimate of the cost of an iPhone to Apple is 350 USD, call it 350 euros.
So our lunatic froggy friend would need to smash 140 or so iphones to reach 50K euros - unlikely, though he did smash some macbooks and imacs too, which which will have increased his run rate