Report: New iPhone 8 could be $1,200

Posted: Updated:
NEW YORK -

Technology experts are saying that the iPhone 8 may cost up to $1,200.

The website AppleInsider says the price could nearly double what was paid for the iPhone 7.

The site says the new model is expected to have a number of advanced technologies, including an edge-to-edge OLED display, facial recognition sensor, and inductive wireless charging.

The redesigned cellphone is expected to launch this fall, marking its 10th anniversary. Apple is expected to make an official announcement in September.

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