Original report: Apple is expected to unveil a redesigned iPhone on Tuesday at a product event scheduled at 10 a.m. PDT at its new headquarters in Cupertino, California, according to multiple reports.
The unveiling will take place at the newly opened Steve Jobs Theater.
The anticipated phone would be unveiled a decade after Apple's late co-founder Steve Jobs first introduced the world to the iPhone, according to The Associated Press.
"(It) could also cost twice what the original iPhone did," the AP reported, adding that the phone was expected to cost $1,000. "It would set a new price threshold for any smartphone intended to appeal to a mass market."
Citing an information leak, Bloomberg reported that the phone will be called the iPhone X. It will be one of three phones, including the iPhone 8 and iPhone 8 Plus, unveiled Tuesday, according to Bloomberg.
>> Watch the product event from Steve Jobs Theater
The information leak was first reported by the Apple news site 9to5Mac. The site reported that the iPhone 8 and the iPhone 8 Plus are expected to have subtle improvements over the iPhone 7 and iPhone 7 Plus, but that the iPhone X is "the major new phone."
The iPhone X is expected to have numerous upgrades, including a larger, crisper OLED screen, improved cameras and a facial recognition system meant to replace Apple's Touch ID, 9to5Mac reported.
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