But that new iPhone could be free with a new promotion from Sprint. The other three major wireless providers have iPhone 8 deals too, including $300 credits for eligible trade-ins.
With Sprint's new deal, customers can purchase an iPhone 8 64GB for $0 when trading in an eligible phone—specifically, the iPhone 7, iPhone 7 Plus, Samsung Galaxy S8, Samsung Galaxy S8+, or Samsung Galaxy Note8—and signing up for an 18-month Sprint Flex lease and wireless plan. (Sprint hasn't yet announced any deals or promotions for the new iPhone X, which starts at a whopping $999 and won't be available until November.)
Sprint says the monthly lease price for the iPhone 8 is normally $29.17 per month. But that charge will be credited back in full for qualified customers. Sprint also warns that if you cancel before the 18-month lease term is up, the full balance is due.
If you don't have one of the eligible phones mentioned above, you might still be able to get a deal on the iPhone 8 from Sprint. When you trade in fairly new smartphones such as the iPhone 6, iPhone 6s, Samsung Galaxy S7, or Moto Z Play, the normal lease price for the iPhone 8 is now being cut in half by Sprint—so, $14.58 per month, rather than $29.17.
Sprint's unlimited talk, text, and data plans are among the cheapest in the wireless industry: A plan with one phone costs $50 per month during a limited-time promotion, and a plan for four or five phones costs only $90 per month. Taxes and fees are additional. Sprint is waiving the usual $30 activation fee for orders online or over the phone too.
Other wireless providers are rolling out iPhone 8 promotions, too.
AT&T has a few different new deals, including a $300 credit if you're trading in an iPhone 7 Plus. Alternately, you can get a $200 credit when trading in some other devices. Go to tradein.att.com or an AT&T store to find out exactly how much your trade-in is worth. The provider also has a buy-one, get-one-free deal on the iPhone 8 if you sign up or already subscribe for the company's DirecTV or U-Verse TV service.
Verizon gives a $300 credit for iPhone 8 purchases with a trade-in of 11 different high-end smartphones, including the iPhone 7, iPhone 7 Plus, iPhone 6s, Moto Z2 Force, Galaxy S8, Galaxy S7, and LG G6. You can also get a $200 credit for trade-ins of devices such as the iPhone 6, iPhone SE, Galaxy S6, and Moto Z, or $100 for swapping in your old iPhone 5, iPhone 5c, iPhone 5s, Galaxy S5, or HTC 10. Check out all the details here.
T-Mobile offers a $300 credit on the iPhone 8 and iPhone 8 Plus with eligible trade-ins, which include the iPhone 7, iPhone 7 Plus, iPhone 6s, iPhone 6s Plus, iPhone 6, or iPhone 6 Plus. T-Mobile notes that trade-ins must be paid off in full to qualify for the $300 credit. A $25 SIM starter kit must be purchased with the new iPhone 8 too, and customers have to pay the full taxes on the new device.