I heard iPhone 8 will cost about $1,200, is that true?
Most likely a FUD rumor the FUDsters were floating to try to force the price of AAPL down in advance of this financial conference call so their shorts would work. If Apple can make and sell a 13" iPad Pro for $799, I think they'll be able to keep their iPhone 8 (or whatever they are going to call it) for very close to their usual price targets they've maintained for years for their flagship phones.