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Apple Inc. New "iPhone X" Could Cost Up To $1,000

AAPL – New iPhone 8 (possibly dubbed “iPhone X”) coming this fall will be Apple’s most expensive phone ever.

Evidence is mounting that Apple Inc. (NASDAQ:AAPL) will launch a brand new iPhone this fall, and it could be the company’s most innovative — and costliest — device to date.

As Japanese publisher The Nikkei reports, Apple is indeed prepping a new revolutionary device to be introduced in September:

The upcoming iPhone, to be launched this fall, will come in three configurations — two with liquid crystal displays and one with a 5.8-inch organic light-emitting diode display. By adding more large-screen options to the lineup to meet growing demand for BIG, Apple intends to raise the average iPhone price, which has already gone up by about 10% in the past three years to nearly $700.

Recent rumors have suggested the iPhone 8 could also be dubbed the iPhone X (X being the Roman numeral for 10, on the iPhone’s tenth anniversary). The highest end version will likely have an edge-to-edge screen with no bezel whatsoever. That means the device could actually be smaller than the current iPhone Plus, but have the same sized screen. MacRumors has a bit more detail on the dimensions:

KGI Securities analyst Ming-Chi Kuo said while the so-called “iPhone 8” will indeed have a 5.8-inch display, the primary area will actually be 5.15 inches, while the rest of the space will be reserved for a wide row of virtual buttons. Kuo also said the device’s physical dimensions will likely be similar to a 4.7-inch iPhone.

All that technological innovation will come at a price, of course. Sources indicate the new iPhone will retail for up to $1,000, making it the most expensive phone Apple has ever produced.

Apple Inc. shares fell $0.28 (-0.20%) in premarket trading Monday. Year-to-date, AAPL has gained 21.21%, versus a 6.66% rise in the benchmark S&P 500 index during the same period.

AAPL currently has a StockNews.com POWR Rating of A (Strong Buy), and is ranked #1 of 29 stocks in the Technology – Hardware category.

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AAPL Current Price $166.66 0.56%
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The day of this event (Mar. 6, 2017)
AAPL Closing Price$137.17 0.31%
AAPL Volume22,094,072
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AAPL 1-mo return7.75%
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AAPL 1-day return0.19%
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AAPL 5-day return0.42%

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