A recent report suggested that the new iPhone 8 will ship in three different storage configurations, starting at $999 for a 64 GB option, and increasing at $100 increments through 256 GB and an unprecedented 512 GB model.
A new note from UBS analysts Steven Milunovich and Benjamim Wilson disagrees, however. Instead, they think it’s “unlikely” that Apple will ship a $1,199 version, and instead that Apple will offer only two storage options — in the form of a 64 GB and 256 GB version.