Upcoming iPhone 8 could cost over N500k making it the most expensive so far | Mobile phone latest news Google+ Follow Smartfonefreaks on Twitter

When the iPhone 7 came out, it was high priced especially for Nigerians who were going through a recession. It immediately became a status symbol, anyone who owned an iPhone 7 was automatically seen as a 'Big boy'. well, the iPhone 8 is looking to blow that out of the water.

New reports indicate that with all the new features coming with the new iPhone, it WILL NOT be cheap. According to Fast Company, the 10th anniversary iPhone - which might go by the name iPhone X - could go for as much as $1,000 (about £800/N500,000).

Considering that the 256GB iPhone 7 Plus already goes for $969, the idea of a thousand dollars or more isn't ridiculous.

With that said, this could mean that Apple will be releasing their most expensive product till date.

Why will the iPhone 8 be so expensive, though, it can't be that dope can it? Well it seems that it can Let's look at what it has shall we. 

The iPhone 8 according to reports going to have a curved AMOLED screen along with a 5.8-inch screen.

There's also increased memory, a new sensing technology, and a better camera, are also rumored, all of which could further bump up the smartphone's production costs.

We won't know for sure how much to shell out until Apple gives the word later this year, but we anticipate there being different models - namely the iPhone 7S, iPhone 7S Plus and iPhone 8 - to give customers a chance to opt out of more expensive features, similar to the dual-lens camera exclusive to the iPhone 7 Plus.

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