Samsung is going to match Apple Inc.'s planned hefty price increases which will make both the Galaxy S8 and iPhone 8 smartphones to retail for more than $1,000, SamMobile reported.

Citing a database leak, SamMobile revealed that the Galaxy S8 (SM-G950) and Galaxy S8 Plus (SM-G955) will be launched with price tags starting at $950 and $1,050 (after currency conversion), respectively.

Thus, the 2017 models of the popular Samsung smartphones will carry a circa $100 premium over their predecessors Galaxy S7 and Galaxy S7 Edge.

While Samsung has yet to reveal details of the upcoming handsets, some leaked reports have suggested that the Galaxy S8 and Galaxy S8 Plus smartphones will be quite large with 5.8-inch and 6.2-inch displays, respectively.

The new handsets will be available in black, golden or orchid gray finishes, though the manufacturers typically offers more finishes some months after the launch.

The reported price tags for the upcoming handsets could be discouraging from many Samsung fans who are already shocked by the company's Galaxy 7 Note fire incidents that forced the smartphone maker to scrub the handset last year.