Apple Inc. (NASDAQ:AAPL)’s iPhone 8 Will Be More Expensive Than Any Other Of The Company’s Devices

Indications are all clear about Apple Inc.(NASDAQ:AAPL)’s ambitious September roll out of its new iPhone models. Word has it that the tech giant will be releasing three; an iPhone 7s, an iPhone 7s Plus and the highly anticipated iPhone 8. From a new set of leaks of images of the three, 7s, iPhone 7s Plus seem to be sporting the same factors as those of iPhone 7.

The iPhone 8, which has also been christened the iPhone Edition, sports various incredible features. In comparing the trio’s sizes, the iPhone 8 is somewhat taller than the 4.7-inch iPhone 7s and tinier than the 7s Plus. The image also reveals a completely new design, which has an advanced edge-to-edge 5.8-inch OLED display.

But the iPhone 8 is rumored to be costly

The images, which were first leaked on Chinese microblogging site Weibo show an almost complete iPhone 8 design. The number of leaks is expected to rise in the next months before its release, which will perhaps show the final moldings and schematics of the eagerly awaited device.

However, it is worth noting that Apple is likely to charge a premium for the iPhone 8, which could be as much as $1,000 starting price. This is just the most recent in a string of component price rises. No iPhone has ever been this expensive previously. However, Goldman Sachs says that the presence of OLED will increase the overall manufacturing cost with around $35.

Apple isn’t shy about raising prices

There may be many concerns about the price of the new device. However, it is within Apple’s desire to maintain its industry-leading profit margins. Furthermore, it has been getting most of its devices all right. On the other hand, iPhones have the considerable benefit of having their costs spread out to a long term contract.

“We believe Apple has now locked down the design.” This would mean Apple has also committed to manufacturing costs and therefore the knock-on effect they will have on retail pricing,” Says Goldman Sachs.

Meanwhile, Apple’s stock closed at $152.96 witnessing an increase of $0.42 or 0.28%.

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