New iPhone X launch: Brits will have to pay at least £47 a month for new model

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Brits wanting to buy the new iPhone on a contract will have to pay at least £47.95 a month.

The price of the iPhone X, which was unveiled last night by chief executive Tim Cook in California, was revealed on Apple’s website, which also said it can be bought outright from £999 when it is released on 3rd November.

The prices of the highest specification version rises to £1,149.

The phone features edge-to-edge glass with a vivid OLED screen, facial recognition to unlock the phone, wireless charging and talking emojis, while the home button has been scrapped.

The iPhone 8 and 8 Plus also announced yesterday will cost about £34 and £38 per month, but they contain far fewer upgraded features.

The iPhone 8 Plus, iPhone X and iPhone 8 models (L-R) (REUTERS)

The X aims to bring augmented reality – the projection of computer-generated images to be projected into real-world surroundings in the style of Pokemon Go – into the mainstream.

Morgan Stanley’s Katy Huberty said in a note to clients after the launch event that the AR functionality could open new revenue streams for Apple in its app store.

She said AR “has the potential to become the next killer app that accelerates smartphone upgrades and drives increased services monetisation and growth”.

Apple stock market valuation was around $830billion (£623million) before yesterday’s launch and experts believe the X could push it past $1trillion (£750billion), in a first for any company. 

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