It’s an open secret that Apple Inc. (NASDAQ:AAPL) is building a completely new iPhone model. Shares of the iPhone maker are up more than 28% so far this year. This shows investors’ confidence that the tech giant will come with a hit and revolutionary iPhone model this year. iPhone sales account for more than 60% of Apple’s total revenue. Dubbed the iPhone 8, the premium smartphone is rumored to feature cool features including an OLED screen, an edge-to-edge display, a better water-resistant design, and a long-distance wireless charging, among others.
Rumors suggest that the iPhone 8 will be launching in September along with the iPhone 7S and iPhone 7S Plus.
Ming-Chi Kuo, an analyst at KGI Securities who is the most reliable voice on all things Apple, told investors that the iPhone 8 would be the company’s top-selling model. He stated two main selling points of the iPhone 8 in one of his research notes.
1# Wireless Charging
Apple has been working hard to bring a long-range wireless charging technology to the iPhones.
The tech giant reportedly hired engineers from different companies with expertise in wireless charging to develop its own wireless charging system. Sources within the company’s supply chain in Asia confirmed that Apple held meetings with suppliers for wireless charging chips.
Kuo believes that the wireless charging could make the iPhone 8 an attractive phone for the lower-end of the smartphone market.
According to rumors, the iPhone 8 will be able to charge itself from a long distance. The rumors mill claimed that the phone will be able to recharge from up to 4 meters away or 15 feets.
2# OLED Display
The iPhone 8 is rumored to feature an OLED display.
A report from Nikkei Asian Review suggested that Apple Inc. (NASDAQ:AAPL) is preparing to release three new iPhone models this year, including one with a 5.8-inch OLED display (iPhone 8) and two with LCD displays.
Kuo also claimed that the iPhone 8 will feature a 5.8-inch OLED display. The primary area will be 5.15 inches, while the rest of the space will be used for virtual buttons, according to Kuo.
Kuo believes that the premium OLED iPhone will encourage high-end customers to upgrade their phone, 9to5Mac reported.
OLEDs are better displays than traditional LCDs. They don’t require the backlighting like LCDs and offer better contrast ratio, colors, and viewing angles while consuming less energy compared to LCDs. In addition, OLEDs are flexible and can be used to build a device with a more curved display.
Please read our article, iPhone 8 Release Date, Specs and Rumors, for more information.
Why is iPhone 8 Important for Apple?
As mentioned earlier, iPhone is a major source of revenue for Apple Inc. (NASDAQ:AAPL).
The tech giant Apple needs a hit iPhone as it faces stiff competition from Samsung, Huawei, Lenovo, and Xiaom. The company has been losing a share to Android-powered smartphones in the smartphone operating system market.
During the quarter ending in March, Apple reported selling 50.76 million iPhones, slightly below than the 51.19 million units sold in the year-ago period.
Investors are worried about Apple’s prospect in China. The tech giant has been unable to crack the world’s second-largest economy, where sales fell 14% from a year ago. Earlier last year, billionaire investor Carl Icahn sold his entire stake in Apple on concerns about the company’s growth in China.
What do you think about the iPhone 8? Will you love to buy it? Please comment!