Rumours have been circulating on the internet of the potential features that the new iPhone will have including redesigned curved design, Touch ID and OLED display. A new report in The Wall Street Journal indicates that the new iPhone won’t come with Touch ID and will employ facial recognition to unlock the device.
Apple has also hit production bumps trying to integrate Touch ID and the Cupertino-based giant is facing issues over OLED display which has pushed production back by a month, said The Journal.
Presently, Samsung is the only supplier of OLED displays for Apple’s next gen "iPhone 8" handset, however, LG is also in talks with Apple to supply OLED display, but is unlikely to flourish before 2019. LG currently supplies OLED displays for Apple Watch.
And while many market watchers have said that the new iPhones will have a major impact on smartphones sales, Apple shares have been rising more than 38 per cent since the start of 2017, but some analysts have predicted that shares could fall 10 per cent once the iPhones hits the market.
According to Investopedia, Apple’s stock could rise to approximately $177 by October. And if happens to be true, it would add approximately $60 billion to Apple's market cap, bringing it to $906 billion, and could make Apple world’s first $1 trillion company.
Apple has sent out media invites for its upcoming iPhone launch event, which will be held on September 12 at its new Cupertino HQ, at the Steve Jobs Theatre.
These delay in production could mean the redesigned iPhone may witness shortfalls in supply and will not be wrong to say that new iPhone could launch at a later date than the other two iPhones, that Apple is expected to introduce.
The iPhone 8 is expected to come in 64GB, 256GB and 512GB storage options.