The $1,000 iPhone and other rumors

It may only be February, but it seems like people already are getting excited about the next iPhone, which is expected to debut this fall.

Shares of Apple were trading above their all-time high Monday, fueled in part by mounting speculation about the new iPhone - which many expect will get a substantial makeover.

Most people who follow these rumors expect three models of the iPhone - presumably an iPhone 7s, an iPhone 7s Plus and an iPhone 8. What isn't so clear is whether those will be their actual names.

After all, this is the 10th anniversary of the iPhone, so some people are expecting the iPhone 8 to be called the 'iPhone X.”

This high-end version of the iPhone is the one really generating the bulk of the excitement, as it's expected to be the one with the most design changes. Some more intriguing rumors about the actual specs of the phone have surfaced in the past couple of weeks.

Experts expect to see a sharper screen, wireless charging capabilities and a very high price tag - a fully loaded iPhone 7 Plus, for example, already costs $969.