Here's a good reason for the iPhone 8 to have a vertical dual-cam setup

For the iPhone 8 to have a vertically-oriented dual camera, there would have to be a good reason
Yes, that's what we're getting at. If Apple has serious plans for VR/AR, the iPhone 8 may have a vertically-oriented dual-cam setup to allow for recording stereoscopic 3D videos/images in landscape orientation. In other words, the so-called “vertical” camera setup is vertical only when you're holding your phone vertically, if that makes any sense.In order to shoot in 3D, you need two lenses side by side that are working simultaneously to create depth, just like your eyes right now. But then, if you have two “horizontally” aligned cameras on the back your phone, you can't do 3D in landscape mode, because then the lenses wouldn't be next to each other when you turn your phone to the side. And since the only way to watch a VR video on your phone is place it in a headset and have it in front of your eyes in a horizontal orientation, it wouldn't make any sense to have the ability to shoot vertical stereoscopic videos or images.
Furthermore, Apple may have other reasons to experiment with this particular setup. Internal factors may be at play, that could necessitate the re-arrangement of the device's internal components. If the majority of rumors are to be believed, the iPhone 8 may have an almost bezel-less design with no hardware home button/fingerprint scanner on the front – a significant change that would require a few other adjustments to be made to the phone's design to facilitate for it (just look at the Galaxy S8/S8+).

The LG Optimus 3D had a 'vertical' dual-cam setup that allowed it to shoot stereoscopic videos and images in landscape orientation, viewable directly on its 3D-capable display
It seems far more plausible that Apple may be planning to let iPhone users create content viewable in VR. Another purpose that the two cameras may serve, although they would have to be backed by a bunch of other sensors (a la Lenovo Phab 2 Pro), would be to aid the device in measuring depth for AR applications. In fact, there were rumors that Apple may be working on 3D-sensing tech, although a recent report by the WSJclaims that this functionality might get pushed to the 2018 model.
But having said all this, no matter whether it's VR, AR, or glasses-free 3D, if Apple has really settled for the “vertical” camera, we'd be willing to wager that there's more to its decision than just internal component shuffling. Apple is known for reiterating good design — which is what makes its products look both familiar and current — so for the iPhone 8 to have a vertically-oriented dual camera, there would have to be a better reason than just “because it's different,” or “because there was stuff in the way.”

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