A lot of Apple enthusiasts are now probably getting excited for the next iteration of the company's popular smartphone flagship, the iPhone 8. But sadly, it seems like not everyone will be able to get the next installment if recent analysis report turns out to be accurate.

According to an analyst from JP Morgan, Rod Hall, the iPhone 8 may have a chance to sport an even higher price tag. It was predicted in the report that the next iPhone model might cost around - or over - $1,000, as said on Business Insider. Hall, on his analysis report, believes this increase of pricing may give Apple control over demands for newly redesigned flagships.

For comparison, the current iPhone 7 pricing starts at $649 as a standard model, as said on 9to5Mac. The price point can go even higher up to $969 depending on the size of the phone as well as the memory capacity of it - RAM and storage.

If this prediction comes to light, the iPhone 8, which is referred to as an "iPhone Pro" by Hall, will help increase Apple's profit. This is all due to the high selling price and minimal increased production cost, as explained in the reports.

Unfortunately, Apple has yet to release any kind of statement regarding the prediction for iPhone 8. And since this is unofficial, fans are being advised to take this with a tiny pinch of salt and wait for further updates coming from the tech giant. More information about the matter should probably emerge in the coming months.

Meanwhile, Hall has continued to predict the features and one key specification of the iPhone 8 on his analysis report. It was said there that the next smartphone may come with a 5.85-inch "edge-to-edge OLED screen in a compact form factor." The phone might even feature a front-facing 3D scanning possibly for facial recognition and 3D camera effects.

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