Looking forward to the new iPhone? Prepare to drop $1,000

There’s been lots of speculation about the upcoming iPhone and its new features and upgrades. The price is a mystery, too, but new reports say it’ll cost nearly $1,000.

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According to a recent New York Times article, Apple lovers can plan to spend $999 for the product, which is expected to be released in September. That's more than $300 higher than the current iPhone.

And the tech company isn’t just launching one phone. Reports say it’s dropping three: two updated versions of the iPhone 7 and a high-end one with a completely fresh design and full-display screen.

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The Times story also noted that the newer versions will have wireless charging and facial recognition.

It may also store a larger battery and feature an all-glass design. And there are even rumors that suggest red will be a a new addition to the iPhone color family.