If you were looking to pick up Apple's next iPhone, you may have to crack open your piggybank as it looks like the iPhone 8 will cost over $1000. Fast Company magazine have reported that the new phone will mark the 10 year anniversary of the first iPhone and come with a few heftier features that make it more expensive to manufacture.

Namely, the OLED display, which will wrap around the front of the phone and cost twice as much as iPhone 7's current display. Check out the full report on the iPhone 8 here.