This is why the iPhone 8 is more expensive than the iPhone 7

For the first time in years, Apple increased the entry price of new iPhones with the iPhone 8. The 64GB iPhone 8 is priced at $699, which is $50 more than the 32GB iPhone 7 or the 16GB iPhone 6s that were the cheapest iPhones in previous years. The same goes for the iPhone 8 Plus, which retails starting at $799, or $30 more expensive than the iPhone 7 Plus last year. The higher capacity models, however, are priced just like their 2016 equivalents.

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