Apple to launch 3 new iPhone models with FaceID in 2018

Apple's iPhone X may have only been on sale for a few days, but Apple's plans for its successor are already being analysed.

Experts say there are three new iPhones on the way - including Apple's biggest ever phone with a gigantic 6.5 inch screen.

All three will abandon the home button in favor of Apple's FaceID system, analyst Ming-Chi Kuo of KGI Securities believes, according to the Daily Mail.

In an issued a note to investors on Monday, a copy of which was obtained by Appleinsider, he claims Apple is also working on a lower cost handset with a 6.1inch screen that uses Apple's LCD technology rather than the OLED screen of the iPhone X. 

This new model will 'differ significantly' from the OLED models, boasting a lower-resolution display to achieve a price point between $650 and $750, Kuo said.

He also believes that Apple will greatly reduce the bezels on the LCD model, thanks to the elimination of Touch ID. 

At present, the iPhone 8 boasts a 4.7-inch screen, the iPhone 8 Plus is 5.5 inches, and the OLED iPhone X has a 5.8-inch screen. 

In a previous report, he predicts Apple will make changes to the stainless steel metal frame to improve data transmission quality. 

The second model referenced in KGI's report may be a larger 'Plus' version of the next iPhone X, 9to5Mac believes. 

Face ID is also expected to come to new iPad Pros.

Apple shares rose to a record high last Friday as more analysts set a trillion-dollar valuation on the company, following a blowout fourth quarter and an upbeat forecast that quashed investor concerns around the iPhone X.

The stock rose as much as 3.7 percent to $174.26, briefly breaching $900 billion in market value, amid declines in the broader market. 

The gains added nearly $32 billion to the company's market capitalization.