Major analyst firms and news sources Nikkei, Goldman Sachs and KGI Securities have all been predicting that the upcoming iPhone from Apple is all set to be the most expensive iPhone ever. KGI Securities’ Ming-Chi Kuo, who has quite a reputation when it comes to Apple, has stated that it is possible that this gen-next iPhone 8 might come out with a price starting at $1000.
This hike in the price is due to the fact that Apple too, has felt the rise when it comes to the parts used in the iPhone. One of the biggest reasons behind this hike being Apple’s long-time supplier TPK Holdings is now charging them almost 2x to 2.5x the price for the integration of 3D touch on the iPhone 8 display. Apple has accepted this hike in the price.
As to why this hike in the price of integration of 3D touch in iPhone 8, Economic Daily Times reports it is due to OLED panels: “The solution directly bonds 3D Touch sensors on LTPS TFT-LCD display panels of the iPhone, but 3D Touch solution for OLED panels entails bonding of a glass cover on the front and back side of an OLED panel each to reinforce the fragile OLED panel.”
Together, the hike in 3D touch, OLED panels, and an increased memory result in an additional $100 - and that is considering only these hikes in the cost. With the integration of wireless charging, touch ID integration on the display, and various other similar new features, it looks like Apple would have no choice but to introduce the upcoming iPhone at a base price of about $1000. The iPhone 8 is going to be a special device, marking 10 years of the iPhone.
For all we know, Apple is not a firm which is shy when it comes to price hikes. This is evident by the recent hike in the MacBook Pro prices. Stay tuned with us for more updates on the upcoming iPhone 8.