An anonymous rumor regarding the iPhone 5 has raised an outcry on Twitter, over concerns the new device would cost $800.

It is unclear where the rumor began, but regardless of source or credibility, the notion provoked a barrage of angry Tweets from users across the globe. “iPhone 5 $800″ was the second most popular worldwide trend at one point in the morning, and the third most popular topic in the U.S.

Well, popular may be the wrong word, one user commented:

“iPhone 5 $800 psft It betta come with Barak Obama number in it or 1/2 Of Oprah’s bank account (sic).”

Other tweets included:

“iPhone 5 $800? Siri better turn into a jet pack when I put it on Airplane Mode.”

Do you see what he did there? Witty heckling aside, it has become very clear that users are not willing to pay over the odds for the next iPhone. $800 would have set the iPhone 5 at double the price of the iPhone 4S 64GB when it was released last year.

For many, Siri was the USP that persuaded people to buy the iPhone last time around… But what about this year?

I think it’s safe to assume that this price probably doesn’t represent the pricing of the next iPhone. However, it does raise an important question. What will be the price tag of the next iPhone? With new innovations and technology, comes new challenges to design, and new costs. I think it would be foolish to assume that the price of the iPhone will remain the same as it did last year. So, if there is to be a price jump, what is the maximum increase you could stomach? What would be your cut off point? And what new innovations might persuade you to fork out some extra cash?

@TiP_Stephen