iPhone 7 Hardware & Software Specs

Each year when Apple introduces a new iPhone, critics and users hold their breaths for a major breakthrough to be included in the new model. With the iPhone 7, there's no major breakthrough, but there are two fairly big changes—one good, one maybe not so good.

The positive major change introduced with the phone is the new dual-camera system available on the iPhone 7 Plus. With two 12-megapixel cameras, a telephoto lens, and the ability to capture DSLR-quality depth of field effects, the 7 Plus' camera is a big step forward and could lay the ground work for even more advanced features later (think 3D). On the downside, the features don't ship out of the box; they'll be delivered via software later.

The negative change is the removal of the traditional headphone jack. The iPhone 7 will now include only a Lightning port for connecting wired headphones. Apple put the removal in terms of "courage," and it certainly fits with the company's other controversial-at-the-time feature removals (DVD, Ethernet, floppy discs), but whether the included adapter dongle is enough to satisfy users remains to be seen.

Removal of the headphone jack—Bound to be the most controversial iPhone change in years, the iPhone 7 removes the traditional headphone jack entirely. Instead, users are expected to use headphones that connect to the phone's Lightning port or AirPods, a new set of wireless headphones introduced by Apple at the same time.
The dual-camera system on the iPhone 7 Plus—The camera system on the iPhone 7 Plus is a major upgrade. It includes two 12-megapixel cameras on the back of the device, with the second camera offering a telephoto lens. This enables new image effects using depth of field (the foreground of the image in focus, the back blurred), live previews of depth of field effects, and up to 10x zoom. The camera flash also includes four bulbs (up from 2) for better color accuracy.
Higher top-end Storage—The highest capacity storage on the iPhone 7 is now 256 GB, up from 128 GB in the iPhone 6S.
Better color fidelity in screen—Both Phone 7 models have technology built into their screens that allows them to display a greater range of colors, delivering better-looking images. This technology was introduced previously on the iPad Pro.
New color options—In addition to silver, gold, and rose gold, the iPhone 7 offers two new color choices: Black and a high-polish "Jet Black." Jet Black is only available in the 128 GB and 256 GB models.
iPhone 7 Hardware Features

In addition to the changes noted above, new elements of the iPhone 7 also include:

The new A10 Fusion processor
W1 wireless audio chip to support AirPods and new wireless Beats headphones
Redesigned, solid state Home button with new force feedback engine
Improved user-facing camera
25% brighter screen
The ability to edit and add effects to Live Photos
Improved battery life
IP67 water and dust resistance
Support for Felica NFC standard used in Japan.
Screen
iPhone 7: 4.7 inches, at 1334 x 750 pixels
iPhone 7 Plus: 5.5 inches, at 1920 x 1080 pixels

Cameras
iPhone 7
Back camera: 12 megapixel, digital zoom up 5x
User-facing camera: 7 megapixel

iPhone 7 Plus
Back camera: Two 12-megapixel cameras, one with telephoto lens, optical zoom to 2x, digital zoom to 10x
User-facing camera: 7 megapixel

Panoramic photos: up to 63 megapixel
Video: 4K HD at 30 frames/second; 1080p at 120 frames/second slo-mo; 720p at 240 frames/second super slow-mo

Battery Life
iPhone 7
14 hours talk
14 hours Internet use (Wi-Fi)/12 hours 4G LTE
30 hours audio
13 hours video
10 days standby

iPhone 7 Plus
21 hours talk
15 hours Internet use (Wi-Fi)/13 hours 4G LTE
40 hours audio
14 hours video
16 days standby

Sensors
Accelerometer
Gyroscope
Barometer
Touch ID
Ambient light sensor
Proximity sensor
3D Touch
Taptic Engine for feedback

iPhone 7 & 7 Plus Software Features

The improved camera features of the iPhone 7 Plus don't ship with it. Instead, they'll be delivered as a free software update later in 2016
Editable Live Photos
iOS 10 support
Support for all existing iPhone features like FaceTime, Siri, GPS, AirPlay, App Store, Apple Pay, etc.
Colors
Silver
Gold
Rose Gold
Black
Jet Black

US Phone Carriers
AT&T
Sprint
T-Mobile
Verizon

Size and Weight
iPhone 7: 4.87 ounces
iPhone 7 Plus: 6.63 ounces

iPhone 7: 5.44 x 2.64 x 0.28 inches
iPhone 7 Plus: 6.23 x 3.07 x 0.29 inches

Capacity and Price

iPhone 7
32 GB - US$649
128 GB - $749
256 GB - $849

iPhone 7 Plus
32 GB - $769
128 GB - $869
256 GB - $969

Availability
The iPhone 7 and 7 Plus go on sale Sept. 16, 2016. Customers can pre-order them starting on Sept. 9, 2016.

Previous Models
When Apple releases new iPhones, it also keeps previous models around to sell at lower prices. With the introduction of the iPhone 7, Apple's line up of other iPhone models is now:

The iPhone 6S & 6S Plus will be available in 32 GB and 128 GB models for $549 and $649, and $649 and $749, respectively
The iPhone SE remains in its current 16 GB and 64 GB configurations and at its current pricing
The iPhone 6 & 6 Plus will be discontinued.