The next iPhone will be less expensive than we thought, analysts say

Apple's upcoming iPhone 8 is reportedly facing delays—but at least it may be less expensive than we thought.

There have been several reports that the upcoming 10th anniversary iPhone could cost upwards of $1,000 due to a number of hardware changes, including an OLED screen, a stainless steel frame and glass back, and more.

The iPhone 8 will likely be between $850 and $900 for a 64 GB model, according to a note UBS sent to investors.

"Apple is about mainstream luxury, so a $1,000 phone seems less likely," the note said, according to a Business Insider report. The company is expected to release three different phones: the 7S, 7S Plus and the 8, with the 8 naturally being the priciest of the lot.

As always, these reports are speculative, and we won't know the price of the iPhone 'til Apple wants us to. But there's one good reason this price makes sense: Samsung. The expected price is right around the asking price of the Samsung Galaxy S8+, which is about $840 depending on your carrier.

The iPhone 8 is also expected to come with true tone displays, and rumor has it that the company may bring back a rounded "water drop design."