The newest line of the groundbreaking smartphone is priced at $1000. Will Apple fans shell out the money?
From just under $500 for the 5s, to now at $799 for the iPhone 8.
Overpricing has arguably been the death nail in the tech world recently. 3D movies and theater tickets have doubled and Netflix went through a major crisis when it tried increasing their prices a few years ago.
But Apple has had a cult-like following for years. They just might pull off $1k for their new phone.
And ironically may inch closer to the $1000 stock club.