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Why Apple's New IPhone 8 Will Likely Cost $1,000 Or More!

The completely redesigned iPhone 8 could cost a $1,000

It's time to start saving if you hope to purchase Apple's next iPhone, which is expected to launch this fall with a new design.

The upcoming "special 10th-anniversary edition" of the iPhone is expected to cost more than $1,000, according to Fast Company's Mark Sullivan in a report that lines up with many of the rumors coming out of Apple's Asian supply chain.

Apple is expected to launch three new iPhones next year. The most expensive of the three phones would have a new kind of screen, called OLED, that has better battery efficiency and darker blacks.

That's the phone Apple fans would want — but it sounds like it would cost you. The iPhone 7 starts at $650. It's also possible that supply will be short at launch.

Here's what Sullivan says the iPhone 8 — possibly called the iPhone X — will have:

  • A 5.8-inch OLED screen.

  • Sides made of "forged stainless steel" and a back made of glass. That corroborates what KGI Securities analyst Ming-Chi Kuo has said.

  • The home button and fingerprint sensor built into the screen, which will stretch from edge to edge. Fast Company reports that even the power and volume buttons could be removed from the device.

  • A double camera, like on the iPhone 7 Plus.

  • New 3D-sensing technology supplied by Lumentum. A source with knowledge of Lumentum's business previously told Business Insider that Lumentum was one of the 3D-sensing suppliers for the upcoming iPhone.

  • A launch date in the fall — likely in September, as usual.

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