The upcoming iPhone 8 will have a price range of between $1,000 and $1,200, according to a prolific leaker, further adding to the reports that the device will have a four-figure price tag.
The iPhone 8, which could also be named as the iPhone Edition or iPhone X, will come with major upgrades and improvements compared to its predecessors. However, will its price be worth it?
iPhone 8 Price: $1,000 to $1,200
In a tweet, Benjamin Geskin laid out the pricing structure for the iPhone 8. He revealed that the 64 GB model will be $999, the 256 GB model will be $1,099, and the 512 GB model will be $1,199.
Geskin, however, is not the first source to claim such price tags for the variants of the iPhone 8. There have been many reports on the iPhone 8 price starting at $999, with the most recent one coming from late August. There have also been previous reports on the iPhone 8 storage options of 64 GB, 256 GB, and 512 GB.
The price difference of $100 between the three iPhone 8 models is interesting, as the first storage increase represents a 192 GB boost while the second one represents a 256 GB boost. This makes it very tempting for customers to grab models with higher storage, particularly the 256 GB model as $100 translates to quadruple the storage compared to the 64 GB model.
Is The $1,000 iPhone 8 Worth It?
Perhaps the biggest question among Apple fans and smartphone customers regarding the iPhone 8 is whether or not the device is worth it for its minimum $1,000 price tag.
One point of comparison between Apple's iPhones is the current iPhone 7 Plus and the iPhone 8. The iPhone 7 Plus carries price tags of $769 for the 32 GB model, $869 for the 128 GB model, and $969 for the 256 GB model. The storage option that coincides between the two iPhones is the 256 GB model.
When the iPhone 8 is unveiled in the upcoming Sept. 12 Apple event, it is expected to have an overhauled form factor with a nearly bezel-less OLED display, higher RAM, more powerful internal components, wireless charging, facial recognition technology, and much more. The 256 GB model for the iPhone 8 is $130 more expensive compared to that of the iPhone 7 Plus, and considering all those upgrades, an additional $130 appears to be very minimal.
Taking this comparison into account, the iPhone 8 price does not seem too high. While the premium model will be the first iPhone to reach a four-figure price tag, Apple fans will likely say that it is worth it, and are already looking forward to knowing all about the device in a week from now.