• Allison McMIllian

Apple to release the IPhone 8 next week

The IPhone 8, which will be released on September 12, is expected to be the biggest announcement for the company since the first iPhone was announced in January 2007. It will be priced at around $999, which is a big price jump, since the IPhone 7 and 7 plus are only priced at $649 and $769, according to Fox News. The Wall Street Journal believes the 10th anniversary IPhone will be around $1,400. Along with the IPhone 8, Apple will release the IPhone 7s and 7s plus.

"I’m still a bit skeptical the phone ends up costing quite that much at the base level – I’ve been expecting either around $850," Jackdaw Research chief analyst Jan Dawson said in an email to Fox News. "But regardless of what the actual price ends up being, it’s clear that it’ll cost more and perhaps quite a bit more than the predecessors."

The phone is expected to have an .8-inch, 2.5D OLED edge-to-edge display, all-glass construction, wireless charging, face-scanning technology, vertical dual cameras on its rear, and support for LTE speeds up to 450Mbps, according to The Inquirer.

Earlier in the week, Apple's competitor, Samsung, released the Galaxy Note 8. It was released at a lower price of $929, which could attract some customers wanting to save money. In the end, it most likely comes down to personal preference and how much customers are willing to spend.