iPhone 8 News: Price Expected To Reach Four Figures As Smartphone's Processor Chip Enters Production

by E. K. Encina / May 13, 2017 07:46 AM EDT

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The iPhone 8 price is likely to reach the four-figure mark based on the details that analysts brought to light. With so many fans eagerly waiting for the release of Apple's latest smartphone, there is certainly some pressure on the tech giant's shoulders.

Since Apple's next smartphone is supposed to be the iPhone 7's successor, it is expected to have major improvements over the last model, such as having OLED display, 3D sensors, and wireless charging. With that said, analysts are predicting the iPhone 8 price to start at $999 for the 128GB model and $1,099 for the 256GB variant, according to MacRumors.

Furthermore, Goldman Sachs analyst Simona Jankowski expects that Apple won't be releasing a 32GB version of the iPhone 8. With Apple's significant price hike on their latest smartphone, it's only natural for them to justify the iPhone 8 price by adding more high-end features.

There are reports that Apple might take on a design similar to the Samsung Galaxy 8's OLED display panels. Given the complex nature of that design, it is safe to say that it contributed to the increase in the iPhone 8 price, along with its numerous improvements to the camera and battery.

According to CNBC, the iPhone 8's A11 processor chip has already started production. It's worth noting that these will be the same set of chips that the iPhone 7S and iPhone 7S Plus will be using. This update is a good sign for fans hoping to buy Apple's latest handset model by the end of this year since it shows that progress is moving along.

After all, there had been numerous delays in the iPhone 8's production line. These delays were starting to worry the consumers given that some sources are claiming that the iPhone 8 release date might be moved to next year.

Fortunately, the recent announcement indicates that the iPhone 8 release date isn't so much in jeopardy as it was before. With the start of the A11 processor chip's production, Apple is finally getting the pieces of their much-anticipated flagship model together.