If iPhone 8 costs $1000 or more, just blame Samsung!
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iPhone 8 is going to be introduced at a special event held on September 12th, 2017. The price of this device is estimated to range between $ 1,000 and 1,200, much higher than the current price of iPhone 7 ($ 650/ device).
According to a report by Ming-Chi Kuo, an analyst from KGI Securities, if you want to find someone or something to complain about this expensiveness, then you are advised to blame Samsung, Apple’s rival and partner.
It is estimated that iPhone 8 will cost at least $ 1,000. Photo: Unbox Therapy.
According to Apple Insider, as the main supplier, Samsung has raised the cost of a few key components on the new iPhone, leading to the shocking price the upcoming device. The new display panel is the main cause of iPhone 8’s high price.
The new iPhone is the first model of Apple to use OLED display panel, instead of the traditional LCD. According to a report by KGI, the OLED screen produced by Samsung for iPhone 8 costs $ 120 to $ 130 per panel, which is several times costlier than the current LCD screen ($ 45- $ 55).
It is unlucky for Apple (and for their customers also) as this company has not found any resolution to make up for the situation. Samsung is the world's largest manufacturer of OLED display panels, and their smartphones have been using this type of screen for years. They are also the exclusive partner providing OLED screens for the new iPhone generation. Samsung is expected to provide 160 million screens for Apple, according to the deal between the two parties. In other words, it is the monopoly which allows Samsung to raise the price of their stocks. In the end, not Apple, but the customers have to deal with the biggest problem.
In addition, some more advanced features like wireless charging technology and 3D face recognition also contribute to the high cost of Apple’s upcoming products. Kuo, on the other hand, strongly believes the OLED screen is the main cause, and Apple is rushing to seek for a second provider.
So far, everything has been still negotiated. Apple is expected to build a research center in Taiwan to create and develop its own OLED brand. The company chooses LG Display as its new provider in 2018. Apple is said to apply the OLED technology to all iPhone models released next year. Therefore, finding more partners to cut down expense is undoubtedly essential.
By: Chris Stewart