Rumored features, specs, pricing, & release date:

New dual-camera system
Thinner iPhone 6-like design w/ redesigned antenna lines
32GB base storage, 256GB option
New darker ‘Space Black’ color option
Redesigned Force Touch Home Button
Removal of 3.5mm headphone jack

The iPhone 7 is looking less likely to be a major ‘tick’ update – with a completely fresh design – and more like a ‘tock’ update, with a design looking much like the existing iPhone 6/6S. So much so that we recently discussed if Apple might reconsider the expected iPhone 7 branding for the next iPhone.The reports kicked off back in April with a KGI note suggesting that the iPhone 7 may not offer ‘many attractive selling points.’ Since then, we’ve seen a succession of reports and leaks appearing to support the view that the exterior design will look similar to existing models, just with tidier antenna lines and possibly a slightly thinner profile. We may finally see the base model change to 32GB, with a 32/64/256GB line-up.One controversial change we’re expecting is for Apple to drop the 3.5mm headphone socket, relying instead on Lightning headphones or wireless ones Bluetooth headphones. We previously reported that Apple was developing truly wireless earbuds, but it’s unclear if Apple plans to debut those in time for the iPhone 7 launch.The iPhone 7 Plus – or possibly Pro – looks set to get a dual-camera setup. It appears that the smaller model isn’t going to get this, though a larger lens shown in alleged leaked images of the smaller model does suggest some kind of camera upgrade. At least one report claimed the 4.7-inch iPhone 7 would get optical image stabilization, a feature that was previously available only on the larger 5.5-inch iPhone models.