The newest line of the groundbreaking smartphone is priced at $1000.  Will Apple fans shell out the money?

History says yes.  The iPhone cost has slowly been increasing over the years as more features are developed.  And has still remained the most popular device in the market.  

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.