Apple's $1,000 iPhone 8 may devour your wallet

Yes, that's the supposed starting price of the phone, according to Goldman Sachs.

Roger Cheng Former Executive Editor / Head of News
Roger Cheng (he/him/his) was the executive editor in charge of CNET News, managing everything from daily breaking news to in-depth investigative packages. Prior to this, he was on the telecommunications beat and wrote for Dow Jones Newswires and The Wall Street Journal for nearly a decade and got his start writing and laying out pages at a local paper in Southern California. He's a devoted Trojan alum and thinks sleep is the perfect -- if unattainable -- hobby for a parent.
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Roger Cheng
Watch this: iPhone 8 expected to cost the same as a MacBook

I hope you've been saving up for the next iPhone.

Goldman Sachs said in a research note Thursday that the iPhone 8 could start at a whopping $1,000. The next iPhone will boast a 5.8-inch display with OLED technology and 3D-sensing augmented reality capabilities, the firm said. That reaffirms many of the rumors that have been floating.

"With only four months left until launch, we believe Apple has now locked down the design," Goldman Sachs analyst Simona Jankowski said in her note.

If you can't swing the pricey iPhone 8, there's still the rumored iPhone 7S and iPhone 7S Plus, which will likely have similar pricing to the current phones, which start at $649. Jankowski doesn't believe the 7S and 7S Plus will get the OLED display, and said the features will be similar to this generation, aside from a faster processor and potentially larger battery.

An Apple spokeswoman declined to comment.

Update, 8:42 a.m. PT: Includes more details from the note.