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Step 11
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The huge touch-display lies beneath the battery.
The logic board is beneath the metal shield at the top of the image (under the 2D barcode).
The Touch battery is 54.0 x 64.1 x 2.8 mm, while the iPhone battery is 43.6 x 50.5 x 5.4 mm. That puts the volume of the Touch battery (9588 mm^3) at 81% that of the iPhone (11780 mm^3).

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Step 12
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The top of the logic board. Apple really sandwiched everything in here. This shot is dominated by the Apple ARM chip and the stacked Toshiba (!) flash chips.
It will be interesting to see how many of the Touch NAND Flash chips that Toshiba manufactures. Apple has been predominately using Samsung memory in the iPhone.

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Step 15
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We rotated the logic board up, and we're using a spudger to pry up the PCB underneath the logic board. This board probably houses the components for processing touch screen input.
You can clearly see the Foxconn stamp on the dock connector. Apple has used Foxconn extensively to assemble their iPod line.

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Step 16
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The bottom of the logic board, with the attached display processing board.
The ribbon cables are soldered into each board, so you cannot easily replace just one of the boards-- they seem destined to spend their lives chained together.
You can see the headphone jack on the lower-right side of the logic board. Apple has decided to integrate it into the logic board, which may make repair more difficult.
Notice the Foxconn logo on the 30-pin connector, indicating Apple's manufacturing partner.
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