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CONSUMER ALERT: New iPhone could cost $1,000

Posted at 12:23 PM, Feb 09, 2017
and last updated 2017-02-09 15:23:52-05

The next iPhone could cost consumers more than $1,000.

According to the latest reports, the iPhone 8 will be the most expensive phone that Apple has ever produced.

The new phone will reportedly have a wraparound screen and 3D sensing technology that could identify a user's face.

RELATED: The 2017 iPhone could cost upwards of $1,000

The price might sound outrageous but one version of the iPhone 7 cost $969.