Will iPhone 5 Cost $800? Rumor Sparks Outrage Among Apple Fans

Souce: Apple

Rumors that Apple's new iPhone will cost $800 swept the internet Thursday, and needless to say Apple fans were beside themselves — taking to Twitter to vent their outrage.

The hashtag "#800dollarsforaniphone" became the second most popular non-promoted trending topic worldwide on the social network. The phrase "iPhone5$800" also was trending worldwide.

Apple did not immediatley respond to a request for comment.

It is unclear where the rumors stemmed from. However, given that Apple's most recent iPhone —the iPhone 4S — ranges in price from $199 to $399with a wireless contract, the steep increase in price seems highly unlikely.

Still, the cost of the next iPhone could be $800 or more if the buyer doesn't commit to a wireless contract.

The current price for an unlocked iPhone 4S, or an iPhone bought at retail price without a contract, is $649 for the 16GB iPhone, and $849 for the 64GB version.

In that context, the new iPhone pricing at $800 is reasonable based on Apple's current prices.

Earlier this month rumors spread that Apple would be releasing a new iPhone on Sept. 12 with a release date of Sept 21. And while Apple won't confirm rumors about possible release dates, the company is known to release its iPhones in the fall.

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