However, the X will drop in price in Fall 2018 when the next iteration is released ( such as 11 ). Each year the new X will cost $999 while the previous will drop. They're going to have to phase out the 6 and 7 soon, keeping the 8. The SE may end up having iP7 specs next Spring(?).
But the $999 price point is ridiculous. Really. Do people actually think that to have Face ID is worth $1,000? Thumb ID didn't cost Apple much to manufacture. I have an SE and it does all the things I need to do for $499 ( or less ). So really, what people are paying for the X are: 3D cameras, new screen, storage capacity ( this one makes a huge difference ), chip architecture, and material. It's possible the included earphones were part of the cost. iOS, Thumb ID, connector, etc, are trivial.
Now if iPhone X were to cost $700 ( or less ), then it would have been more sensible. People may not realize that having a $1,000 phone actually increases the phone bill when it comes to leasing with monthly payments.
My SE has 64 GB and yet, the iPhone X is $1,000 with starting 64 GB of storage. WTF is wrong with the picture?