Higher Production Cost of New 3D Touch Tech May Drive iPhone 8 Price Up

Apple is preparing to announce one of the most exciting iPhones in quite a while, as it will feature a complete redesign, OLED display and even wireless charging. Because of the new features, the price of the iPhone 8 is said to reach about $1,000.

However, a recent report claims that the price of a certain component could be much higher than Apple expected and it could drive the iPhone 8 retail price even higher. Specifically, TPK Holdings charges Apple between $18 and $22 for the new Touch ID.

The price of 3D Touch ID on current iPhone models is between $7 and $9 per smartphone, while the new technology seems to cost more than double. But there’s a major difference between the 3D Touch ID on the iPhone 7 and ...