The scoop regarding the three iPhone 2018 models came from the notes of KGI Securities analyst Ming-Chi Kuo.
Kuo claims that the model will serve as a replacement for iPhone 8 and will cost between $699 and $799.
Lastly, it's worth mentioning that the Barclays note corroborates reports we've seen about the make-up of Apple's 2018 iPhone lineup, which is to say that Apple later this year will introduce a trio of new iPhone models that all incorporate support for Face ID. Specifically, the first iPhone XI variant will be the regular-sized 5.8-inch model, while the second one will be known as the iPhone XI Plus with a 6.5-inch organic light-emitting diode (OLED) display panel.
There have been rumors that Apple is going to be ditching 3D Touch functionality on the upcoming 6.1-inch iPhone which will feature an LCD panel but bear an edge-to-edge display.
"These three devices combined should ship around 200 million units in their lifetimes, Kuo concluded, with the budget 6.1" model making up about half that total.
The LCD 6.1-inch iPhone will use slightly less premium components, such as an aluminium frame instead of stainless steel. The one solid reason for the 6.1-inch iPhone to break all previous sales records of the company could be its iPhone X-style design and features but priced like an iPhone 8. However, since the cheaper iPhone model is also expected to sport an iPhone X-like design, reason suggests it will keep the Face ID feature. With its top client, Apple, facing weak demand, Samsung has been left to fend for itself, and an official at an electronics trading company in Tokyo has said, "Samsung is increasingly selling OLED panels to outside clients".