Apple iPhone 8 likely to cost above $1000 thanks to OLED display: Reporthttps://indianexpress.com/article/technology/mobile-tabs/apples-10th-anniversary-iphone-likely-to-cost-above-1000-report/

Apple iPhone 8 likely to cost above $1000 thanks to OLED display: Report

Apple's 10th anniversary iPhone will be first smartphone from the company to cross the $1000 price barrier

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iPhone 8 will be launched alongside the iPhone 7s with a 4.7-inch screen and an iPhone 7s Plus with a 5.5-inch display.

Apple’s 10th anniversary iPhone will be first smartphone from the company to cross the $1000 price barrier ( or approx Rs 67,025), according to a new report. Fast Company sources say the top-end model is ‘very likely’ to be priced higher than $969 (or approx Rs 64,947) that Apple currently charges for the 256GB iPhone 7 Plus in the US. The reason for the surge in the price is because the device is expected to be “the ultimate iPhone”.

The report claims, the iPhone 8 – or “iPhone X”, will feature 5.8-inch OLED display and a revamped design, backing up previous rumours. “The new phone will look something like a smooth black monolith, with few visual interruptions to its sleek design”, Fast Company says.

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The OLED display will cost Apple twice as much as the LCD display used in the current generation iPhones, including the iPhone 7 and iPhone 7 Plus, according to the report. Sources tell Fast Company Apple is trying to ramp up OLED production for the iPhone 8 ahead of the September launch, something that has been reported in the past as well.

The report also claims the new high-end iPhone will likely get a higher memory than the iPhone 7, which could also impact the price.

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Also read: Apple to start iPhone 8 production in June, earlier than expected: Report

The iPhone 8 will also feature a dual-camera setup, just like the iPhone 7 Plus. The mobile device is also expected to get a bigger battery, although its exact size remains unclear. The home button will be relocated beneath the surface of the display, although Fast Company claims the technology is still “evolving” , which may cause the feature to get delayed.

In addition, the volume and power buttons will be replaced by touch-sensitive inlays in the metal, adds the report

Fast Company’s report also suggests that the iPhone 8 will be launched alongside the iPhone 7s with a 4.7-inch screen and an iPhone 7s Plus with a 5.5-inch display. Apple is expected to announce its new iPhones in September and will begin selling them shortly thereafter.

Also read: Apple iPhone 8 rumour roundup: Glass sandwich design to return, phone to get stainless steel frame

On the design front, the report recaps what has already been reported. Apple will ditch the aluminum chassis for a steel frame, and a glass body on the back and front of the iPhone, similar to the iPhone 4s design. Apple has already had a record Q4 2016, with the company selling close to 78 million iPhones thanks to the new iPhone 7, iPhone 7 Plus devices. Its revenue is expect to see a further boost with the launch of the iPhone 8.