Amazon Prime offers best deal on iPhones
Amazon Prime offers best deal on iPhonesREUTERS/David Gray

More details of Apple's upcoming flagship smartphone dubbed as the iPhone 7 have surfaced with its release just a few months away. Now, the expected pricing of the next-generation device has been leaked, and it is surprisingly priced lower than its predecessor, the iPhone 6s.

Apple is expected to launch the iPhone 7 and iPhone 7 Plus in September, as the current flagship handset, the iPhone 6s, will complete a year-long cycle in the market by this time. However, the company is yet to confirm the release date of the device, and it is very unlikely to happen in September if history is anything to go by.

The iPhone 7 will cost 5258 Yuan (around $802) for the 32GB variant, 6088 Yuan (around $924) for the 64GB model, and 7088 Yuan (around $1075) for the 256GB variant, while the 32GB iPhone 7 Plus will come with a price tag of 6088 Yuan (around $924), the 128GB model is priced at 6888 Yuan (around $1045), and the 256GB variant at 7888 Yuan (around $1197), according to MobiPicker (via GSMArena) that cited a Chinese tipster. 

The report went on to say that the iPhone 7 Pro will come with a price tag of 7088 Yuan (around $1075) for the 32GB, 7888 Yuan (around $1197) for the 128GB, and 8888 Yuan (around $1349) for the 256GB variant.

Interestingly, the iPhone 6s is priced at 5,288 Yuan for the 16GB model, which is higher than the leaked price of the 32GB variant of the iPhone 7, and the 128GB iPhone 6s Plus comes with a price tag of 7,788 Yuan, which is just a little higher than the 256GB variant of the iPhone 7 Plus.

The price of the upcoming iPhone 7 is not confirmed yet but Apple fans have a reason to be happy if the leaked pricing turns out to be true.

According to reports that have surfaced so far, Apple's upcoming flagship is expected to look similar to its predecessor. The iPhone 7 is expected to sport a 4.7-inch screen while the iPhone 7 Plus may have a 5.5-inch screen with dual camera. However the devices are expected to share other features like an A10 chip, an iOS 10 operating system, a 3GB RAM, and a camera with OIS (optical image stabilisation).