Apple's iPhone 6 could arrive next year and cost about $100 more than the current iPhone 5S, according to a report.
The reason for the price hike is because it will feature a larger display and faster processor, according to Susquehanna Financial Group analyst Chris Caso. In order to keep profits high, Apple will likely hike the price.
"When iPhone 5 was launched, Apple's phone margins declined because the new features (most notably the display) added cost to the bill of materials, yet the price point of the phone remained unchanged," Caso wrote in a research note. "Since we're expecting a host of new features in the iPhone 6 (including a larger screen), we expect the bill of materials cost of the phone to increase as well."