The Apple logo is pictured on the back of an iPhone, in this illustration photo taken in Bordeaux, France, February 1, 2017. Reuters/Regis Duvignau

Those who are not aware, the Apple iPhone 8 will be a very expensive smartphone, at least that’s what the latest reports are claiming. It will reportedly be priced just below the $1,600 mark, which is more or less equal to the Apple MacBook Air (128GB) that sells for $1,549 on Apple’s official online store. The 10th anniversary iPhone, popularly called iPhone 8 or iPhone X, could be made available in three different models. The $1,600 price tag will be for the premium variant, if true.

Market researcher Daniel Matte recently said that the pocket-burning price that Apple iPhone 8 will command will be primarily because of the organic light-emitting diode (OLED) display. Such a tech will allow the Apple flagship to have a similar curved screen as the Samsung Galaxy S7 Edge. The smartphone will be like a tiny portable computer that can slip easily into the pocket. All these will likely take the Apple iPhone 8 price through the roof. However, limited supply of OLED screens will allow Apple to use the display only in the premium variant.

“Apple will probably continue with the current LCD models and introduce one or two new premium flagship iPhones with OLED displays ... With a curved screen OLED, the iPhone display will almost certainly be bezel and border free to the outside edges, and fill all or almost all of the entire front view edge-to-edge, with rumors predicting that the home button, fingerprint sensor, ambient light and proximity sensors will be incorporated within the display,” President of DisplayMate Technologies, Raymond Soneira, told Fox News.

Soneira also added that the premium Apple iPhone 8 variant will sport a 5.8-inch display, which is slightly bigger than iPhone 7 Plus’ 5.5-inch screen. The smartphone will have wireless charging technologies enabled, reports MacRumors. However, users will have to purchase additional accessory to avail this feature. Goldman Sachs analyst Simona Jankowski has noted that the Cupertino-based tech giant will include augmented reality (AR) features in every iPhone 8 variant. This will be primarily enabled by the 3D Sensing functionality.

If this turns out to be true, then the feature, along with OLED display, will allow the Apple iPhone 8 to stand out from the rest. Internal sources have revealed that Apple is currently working early prototype versions of the future iPhones and trying to secure as many OLED displays as possible. Moreover, Apple is also reportedly clueless about the price iPhone 8 will command.

*All prices in Australian Dollars