Apple already positions its iPhones in the premium category with a price tag generally on the higher side. This year’s iPhone is going to be special, so will be its price. As per Goldman Sachs, the iPhone 8 will be priced much higher than the current gen iPhones and will start from $1,000.
iPhone is completing ten years this year and Apple is expected to launch a special phone on this occasion, which would be the iPhone 8.
For the current gen iPhones, the price starts from $649, but that won’t be the case with the iPhone 8. Analyst Simona Jankowski from Goldman Sachs confirms that the iPhone 8 will be available with a base storage of 128GB and another variant with 256GB storage.
The 128GB variant will be priced at $999 while the one with 256GB storage will be priced at $1,099 according to the report.
Apple will also renew the iPhone 7 series and it will follow the regular iPhone update cycle. The iPhone 7s and iPhone 7s Plus will also be launched besides the iPhone 8 and their prices will start just like the current gen iPhones – $649 for the iPhone 7s and $769 for the iPhone 7s Plus.
Jankowski also mentions that the demand for iPhone 8 won’t fall despite its higher price. In fact, Goldman Sachs believes that the average selling price of iPhone will increase for Apple by 16 percent to $763. As per the estimate by the Wall Street, the number should be $675.
The details were mentioned in the research note by Goldman Sachs and Business Insider got hold of its copy.
These research notes also mention some of the specifications that the iPhone 8 will come with, along with their respective cost. The iPhone 8 will sport a 5.8-inch OLED screen and there would be no bezels on any of the sides. A faster NAND/DRAM is expected with the storage capacity starting from 128GB. The iconic Home Button will be removed but the biometric authentication will be retained. An all new A11 chip will power the phone.
