PHILADELPHIA (CBS)– A new iPhone is expected to be unveiled this fall and some tech buffs are estimating the gadget may cost $1200 dollars or more!

They believe Apple is facing supply constraints due to the new technology and that’s what will lead to the high price tag.

There are also reports about the new phone’s design.

Developers have reportedly created mock-ups of the phone’s touch screen taking up the entire front side of the phone–a trend consistent with competing phones.


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