Reports indicate that the upcoming Apple Inc. (NASDAQ:AAPL) iPhone, most likely to be named iPhone 8, will come at a hefty cost. The iPhone 8 will also do away with some features that users have become accustomed to and introduce new and revolutionary ones. This is according to a report from Rod Hall, an analyst at JPMorgan.
One of the features that is facing removal is the fingerprint recognition system, Touch ID. This will be replaced by a facial recognition technology that uses a 3-dimensional laser scanner that is front-facing.
According to the author of the report, facial recognition trumps fingerprint recognition with regards to security. With the growth of mobile payments, security is likely to become a bigger concern. Facial recognition also has the advantage of better performance in wet conditions compared to fingerprint recognition.
Facial recognition also has some challenges of its own too. This includes the fact that the unlocking procedure might be inconvenient in situations where the user is, for instance, walking. And compared to fingerprint unlocking, users are bound to feel more self-conscious with facial recognition. The technology is also likely to suffer reliability issues when it comes to users who wear sunglasses, contact lenses or glasses.
According to the JPMorgan analyst, facial recognition may also help ambitions that the NASDAQ stock has in the virtual reality and augmented reality field.
“One obvious and potentially most compelling use would be AR/VR experiences in which the user’s hands and other real world objects are being scanned and integrated into a field of view provided by the iPhone…” said Hall.
The facial recognition technology is however expected to add to the cost of the next iPhone. Compared to TouchID, each module of the laser scanner is expected to cost between $10 and $15 more. This and other new features and specs such as a new chassis and an OLED display are what are believed to be pushing the price of the new iPhone to more than $1,000.
In Friday’s trading session, shares of the Apple Inc rose by 0.28 percent. The NASDAQ stock closed the day at $135.72