More evidence hints at massive iPhone 8 price hike

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Apple Money 1
Increased component costs will make Apple push up its prices.
Photo: Ste Smith/Cult of Mac

Rumors that the iPhone 8 may come with a $1,000 price tag are seemingly backed-up by a new report claiming that components for the next-gen handset will be considerably higher than those for its predecessor.

According to China’s Economic Daily News, the 3D Touch module alone for the iPhone 8 will cost 150 percent more than the comparable module for the current LCD iPhone.

The report notes that OLED-based 3D Touch modules are normally around 50 percent higher than LCD-based ones, but Apple has agreed to a quote that’s 150 percent higher. It’s not clear why Apple went for the pricier option.

The cost of Apple’s other component parts aren’t disclosed in the article. However, the fact that prices for one component are increasing substantially from the $7-9 that TPK Holdings and General Interface Solution (GIS) charge Apple at present to the $18-22 they’ll charge from the comparable iPhone 8 module adds yet more evidence that the iPhone 8 will be Apple’s priciest handset yet.

As per a recent report from Goldman Sachs analyst Simona Jankowski, the 128GB iPhone 8 will sell for $999, while the 256GB version will set users back a whopping $1,099. This means that the iPhone 8 could represent a significant 25 percent price jump from the iPhone 7.

Jankowski singled out the larger 5.8-inch display, OLED screen and 3D-sensing augmented reality as reasons for the price increase.

Would you pay $1,000-plus for Apple’s next-gen iPhone? Leave your comments below.

Via: Digitimes

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  • Paul

    No.

  • T

    If they really hike the price that much I will switch back to Android and sell my MacBook. There is no way I’m paying $1000+ for a phone.

  • prodge6671

    No. If Apple is going to continue to go on this price increasing rampage they are definitely going to lose me as a customer. It’s ridiculous to think they will charge $1,000 for a phone. I will not buy it if the price tag comes in that high just as I have not bought a new MacBook pro, that I really need, because the prices are ridiculous…