Is a massive iPhone price drop incoming?

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(Image: CNET/CBS Interactive)

We’ve been talking a lot lately about the iPhone 8, and how it could come with a hefty $1,000+ price tag. But people willing to pay the big bucks could be subsidizing an iPhone price cut for everyone else.

See also: It turns out the iPad was just too expensive after all

In a note to Above Avalon newsletter subscribers, analyst Neil Cybart pondered the following:

“Call me crazy, but we still don’t have enough evidence to completely rule out Apple cutting pricing for the new 4.7-inch and 5.5-inch LCD models by $100 next month. If a $999+ OLED iPhone ends up representing half of iPhone sales, iPhone ASP (average selling price) will still go up even if the new LCD models see a $100 price…

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