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The completely redesigned iPhone 8 could cost a boatload (AAPL)

Start saving now if you're planning to buy the top-tier iPhone 8 — it'll likely cost over $1,000.

iPhone 8 iPhone 10 iPhone X Concept

It's time to start saving if you hope to purchase Apple's next iPhone, which is expected to launch this fall with a new design.

The upcoming "special 10th-anniversary edition" of the iPhone is expected to cost more than $1,000, according to Fast Company's Mark Sullivan in a report that lines up with many of the rumors coming out of Apple's Asian supply chain.

Apple is expected to launch three new iPhones next year. The most expensive of the three phones would have a new kind of screen, called OLED, that has better battery efficiency and darker blacks.

That's the phone Apple fans would want — but it sounds like it would cost you. The iPhone 7 starts at $650. It's also possible that supply will be short at launch.

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Here's what Sullivan says the iPhone 8 — possibly called the iPhone X — will have:

  • KGI Securities analyst Ming-Chi Kuo
  • Fast Company reports

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