Apple plans to launch the iPhone 8 in 2017, featuring an edge-to-edge OLED display with integrated front-facing camera and Touch ID fingerprint sensor, wireless charging, faster A11 processor as well as a glass body.

MacRumors reports that, since the year 2017 will mark the 10th anniversary of the iPhone, the Cupertino-based high-tech company plans something major to celebrate the occasion. Even if we are one year away from the launch of the iPhone 8, it is already clear that Apple has some ambitious plans for the upcoming device.

There are already many speculations and rumors about the impressive specs and features implemented in the upcoming flagship next-gen Apple iPhone 2017. Tech analysts expect a radical redesign of the device, with a glass body and an edge-to-edge display with camera and Touch ID built directly into the screen. Rather than an LCD, the display itself is rumored to be flexible OLED with more true to life colors and higher contrast ratio.

Forbes reports that for the production of the A10 system-on-chip that will power the iPhone 8, Apple will turn to the TSMC manufacturer company. Up to date, TSMC and Samsung shared production duties on the previous A9 chip.

According to tech experts, the two versions of the A9 reached the same overall performance levels. However, to neuter complains about different variants of the chip, Apple has decided to use only TSMC manufacturing facilities for the A10 chip to be used in the upcoming iPhone 8.

Due to the loss of the A10 business, Apple's decision will have a noticeable impact on Samsung's revenue and profit figures. TrustedViews and BGR have both reported that Apple even went one generation further and has also decided to make TSMC the supplier of the A11 chip. The South Korean company will lose a big slice of revenue and profit if Apple has locked it out of the next iteration A10 and A11 chips for the iPhone 8.