Is a phone worth a mortgage payment? That’s what consumers may be asking themselves when Apple unveils its newest iPhone on Tuesday.
The latest iteration of one of America’s most indispensable products is expected to come in at a record price befitting a laptop. Analysts expect the entry-level 64-gigabyte handset to cost about $1,000, the 256-gigabyte version to cost about $1,100 and the top-of-the-line 512-gigabyte model to cost about $1,200.
That could make the iPhone 8 the most expensive mass market cellphone, ahead of the current priciest device, the recently released $950 Samsung Galaxy Note 8. It would also cost at least as much as an entry-level MacBook Air.