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(AP / Circa)

The 'iPhone X' could cost over $1,000


iCaramba: That's a lot of money

This year, Apple fans who want the latest and greatest iPhone could get hit with a price inflation to the tune of almost $400. A new report by Fast Company, citing sources familiar with Apple's plans, lays out why the successor to last year's iPhone 7, possibly called the iPhone 8 or iPhone X, could hit shelves at well over $1,000.

Better screen, bigger price tag

The biggest reason for the expected price hike in the newest version of the iPhone is the 5.8-inch OLED (organic light-emitting diode) display allegedly coming with it. It will cost "twice as much" to make than the traditional LCD (liquid crystal display) panel tech used on every iPhone before it, Fast Company reported.

The screen is rumored to stretch across the entire front of the phone and could have curved sides, not unlike the way the upcoming Samsung Galaxy S8 has been described in reports.

Some designers have mocked up their own takes on what the latest iPhone 8 rumors describe.

More (expensive) features

Other factors in the next iPhone's cost increase, according to Fast Company: It will have more memory, which will, seemingly, help load apps faster; a larger battery; and the next iPhone version will replace all hardware buttons with touch surfaces, including the volume keys on its side.
FILE - In this Sunday, Feb. 21, 2016, file photo, a Samsung Galaxy S7, left, and S7 Edge are displayed during the Samsung Galaxy Unpacked 2016 event on the eve of the Mobile World Congress wireless show, in Barcelona, Spain. Samsungs phone cameras have shown tremendous improvements in just a few years. The new Galaxy S7 and S7 Edge phones take better pictures than last years S6 models. They are neck and neck with Apples iPhones, such that you no longer have to compromise on picture quality if you prefer Android. (AP Photo/Manu Fernadez, File)

Let's not forget: The Galaxy S7 phones already have OLED screens and twice the RAM of the iPhone 7.

A new decennial-themed name?

And though the iPhone version coming after the iPhone 7 should, theoretically, be called the iPhone 8, there is a report out there claiming it could be called the iPhone X -- a nod to the company's 10-year anniversary of the first iPhone back in 2007.

But wait ... an iPhone 7s, too?

Of course, Apple has, for some time now, released tweener "s" iPhone versions following full iterative releases -- and 2017 may still stick to that tradition, too. This would mean the iPhone 7s/7s Plus (at familiar styles and prices) and the iPhone 8 (or iPhone X) could all come this year.

So you may not have to unload the full contents of your piggy bank to get some kind of new iPhone this year, after all. But if the "iPhone X" is as slick as reports indicate, you may want to pay the extra scratch for it.

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