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Apple Unveils New $1,000 iPhone X

NEW YORK (CBSNewYork/AP) -- Apple has unveiled a souped-up anniversary iPhone, with a start price of $999, during its product event at its headquarters in Cupertino, California.

The new iPhone X will have a screen with higher resolution and "OLED'' technology for richer colors.

It will also lose a distinct home button to make more room for the 5.8-inch display, which is slightly more than the Plus model's 5.5 inches. The features are similar to what Samsung offers.

Apple Holds Product Launch Event At New Campus In Cupertino
Apple Senior Vice President of Worldwide Marketing Phil Schiller introduces the new iPhone X during an Apple special event at the Steve Jobs Theatre on the Apple Park campus. (Photo by Justin Sullivan/Getty Images)

The new design will enable new ways to interact with the phone. Instead of pressing the button to get the home page, you swipe up instead.

Apple is also offering the ability to unlock the phone with facial recognition rather than a fingerprint or passcode. Though some Android phones offer this, Apple is adding sensors to improve performance and says it worked with mask designers during testing to improve security. An executive initially failed to unlock the phone this way in a demo Tuesday, though.

The new phone, which is coming Nov. 3, will also permit animated emojis that mirror your facial movements and promises two more hours of battery life than what's in the current iPhone 7.

The price is twice the cost of the original iPhone.

1010 WINS' John Montone visited Times Square where he asked people what they thought about the price tag.

"That's a lot, that's too much," one man said.

"For all that money and all this nonsense it better charge itself," another man said.

Another man said for that kind of money he hopes "it gives me pick up lines."

Such an iPhone has been widely anticipated for the iPhone's 10th anniversary and comes just weeks after Samsung unveils its own super-premium phone, the $930-and-up Galaxy Note 8.

(© Copyright 2017 CBS Broadcasting Inc. All Rights Reserved. The Associated Press contributed to this report.)

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