iPhone 8 Rumored To Priced At $999 For 128GB And $1,099 For 256GB

iphone 8 concept image

Apple’s next flagship smartphone has been the center of tech rumor mill more so this year because 2017 marks the 10th anniversary of the iconic iPhone. Apple hasn’t said anything regarding the upcoming device officially, but all tech quarter are in agreement that the iPhone 8 will bring some extra special unique feature not seen on any other smartphone to date. However, speculations are rife that those new specs won’t come cheap. Smartphones users are expected to pay a pretty hefty price in order to get their hands on the next iPhone.

As we discussed while reporting on previous iPhone 8 related rumors that the base price is likely to start from staggering $1000 bucks. Recently, Goldman Sachs analyst Simona Jankowski also corroborated these price claims.

Jankowski said that the next generation iPhone will be in high demand and Apple is planning to cash in on the hype surrounding the anniversary model of its famous smartphone by charging $999 for the 128GB storage capacity model and $1,099 for the 256GB capacity model. This is anything but cheap. But this large price tag will likely be justified by bringing quality hardware, software and design for the 2017 iPhone. Moreover, Simona is skeptical about the availability of the 32GB iPhone 8, which is the base storage capacity model for the current iPhone 7.

Relative to the 128GB iPhone 7 Plus, we estimate the new features and higher commodity prices to increase the bill of materials by over $70, which we expect Apple to offset via a $130 price increase, resulting in a starting price of $999 for the 128GB capacity and $1,099 for the 256GB capacity (we don’t expect the iPhone 8 to come in 32GB)

Numbers being reported are bonkers, especially when considering that the current generation high-end model of iPhone 7 Plus with 256GB storage capacity is being sold for $969 in the US.

iphone 8 render images

Whatever the final price may be one thing is clear that the next iPhone will be an expansive device. So Apple fans better start saving money wherever they could to be to afford the upcoming flagship due for September release. Apple is being tipped to launch a flagship model with premium price and specs along with the lower-end model which will be priced less with modest specs. All eyes are on Apple for the 10th anniversary of iPhone.

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