Apple reportedly planning $999 price for new iPhone

What's Apple CEO Tim Cook doing in Cincinnati?

25/08/2017: The 10th-anniversary iPhone 8 will cost just under $1,000, new reports have indicated, making it the most expensive iPhone model the company has ever produced. Norges Bank acquired a new stake in Apple during the fourth quarter worth $5,625,709,000. Currently, the current generation iPhone, the iPhone 7, unlocked version will cost you 649$ while the higher model, the iPhone 7 Plus starts at $769.

The upcoming Apple TV set-top box will have a "renewed focus on the living room" to bring new capabilities to users through a faster processor that can handle 4K video requirements, the story reported.

The news also says that Apple like Samsung made an attempt to add a fingerprint sensor on the display of the smartphone but was unsuccessful at it.

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John Gruber, an Apple blogger at Daring Fireball, suggested on Thursday that if Chen's sourcing is accurate, it could mean that the iPhone 8 will start at $999. With an off-contract price starting at $929.99, the Galaxy Note 8 is not a cheap piece of hardware. With the release of the iPhone 3GS in 2009, the company established tradition in even-numbered years to release major update with the following number in the model name and a new case design, and the odd model with suffix "s" in the title and changes, mostly concerning the "under the hood" hardware and software components.

As part of this, the iPhone 8 is expected to have an edge-to-edge OLED screen, facial recognition technology, wireless charging and augmented reality support, with an initial price of $999. Recently, we have spotted the same phone in a video where it showcases Touch ID feature at the back panel. Apple is going to announce this smartphone in the coming September 18 at an event. Bank of America Corporation now has a $180.00 target price on the iPhone maker's stock. There could also be a bigger play here from Apple.

Apple's high-end bezel-less device which is most likely to be called as iPhone 8 will be available in limited stocks according to the previous leaks. But what actually happens is the stock tends to rise in the beginning of September in anticipation of the new iPhone, and then suddenly dips right before the actual release date in mid-September. The feature will require the purchase of a compatible wireless charging accessory, and Apple might not have them ready in September.

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