Although the Snapdragon 8 Gen 3 processor has just been released, we're already hearing talk of the next-generation Snapdragon 8 Gen 4 processor successor, which is expected to hit many phones in 2024. And while there aren't many details yet, we can have a hint about pricing courtesy of Qualcomm. Let's discuss what the Qualcomm team said about the Snapdragon 8 Gen 4 regarding the expected price of the 8 Gen 4 and what this means for upcoming smartphones in 2024.

In a question-and-answer session held for various media fraternities with Qualcomm, the company discussed its goals for the next-generation Snapdragon 8 Gen 4 processor. In response to a question from Android Authority, Qualcomm Senior VP Chris Patrick confirmed that the next processor (8 Gen 4) for future phones is expected to achieve "amazing levels of performance", and to achieve that they "expect" (Snapdragon 8) Gen 4 to have a certain cost increase”.

"We expect that (Snapdragon 8) Gen 4 will have some cost increase as we are really aiming for really amazing performance levels (sic)" Chris Patrick via Android Authority

What does this mean for future smartphones? Currently, one of the most expensive smartphones, the Samsung Galaxy S23 Ultra, costs $1199. Hopefully the S24 Ultra will come out at the same price. The new S24 Ultra is expected to have an Exynos variant and a Qualcomm Snapdragon 8 Gen 3 variant.