iPhone 8 News & Update: iPhone 8 Could Start iPhone Premium Line, May Cost $1000

Could the upcoming iPhone 8 be the beginning of Apple's premium iPhone line? If rumors prove to be true, the phone could cost as much as $1,000 when it comes out later this year, and it promises to be the most expensive iPhone iteration to come out in the market.

According to a report by The Express UK, Apple could be discontinuing the regular iPhone line and jumpstarting the iPhone high-end line. This may be an accidental development because of a new feature of the upcoming iPhone version that could cause the unit to jack up the production cost.

A  Digitimes report cited that the 3D touch sensor technology with AMOLED panels will be more costly to produce for iPhone 8 than the current iPhone 7 because it requires the use of a film based film-based touch sensor that will be supplied by TPK Holdings.

According to the report, this will be 60 percent more expensive since the raw material costs more. The production is also expecting an adjustment in the cost because the use of film-based sensors are the only way that iPhone 8 could utilize 3D touch technology with the AMOLED display.

Because of this major development, the Cupertino-based company could have no choice but to pass on the additional cost of production to iPhone 8 customers. Despite the extra cost, however, it is expected that the iPhone 8 could be well worth the upgrade in the price point.

Among the expected new features of the device are a huge bezel-free display, an embedded fingerprint sensor, and wireless charging. It is also expected to have no home button. The iPhone 8 is expected to come out this September if Apple's tradition release schedule will be followed. As for the cost, no final word has been made official by Apple so fans will have to sit still for the moment until the company unveils the complete details of the new device.