The hype surrounding the iPhone 7 won't seem to die down, especially now that Apple is expected to unveil the device late this year.

Apple usually holds an event in September and speculations are rife that the iPhone 7 will have its debut by that time. While it will still be a three-month wait before September, rumors about the device just keep coming.

Previous reports have claimed that one of the major changes that will be seen in the new iPhone 7 is the removal of the headphone jack. The device was previously speculated to have 3 GB of RAM and market intelligence firm TrendForce seems to corroborate this piece of information, as reported in Forbes.

It is also expected that the iPhone 7 will follow the iPhone 6's footsteps, in which it will also have a Plus model. According to MobiPicker, citing Chinese website Weibo, the iPhone 7 will be offered in three variants based on its storage capacity: 16 GB, 64 GB and 128 GB. On the other hand, the iPhone 7 Plus will start from 32 GB, followed by 128 GB and 256 GB.

Then again, Kevin Wang, director of market research at IHS Technology said that the Cupertino-based company will ditch the 16 GB entry level variant altogether, making the 32 GB variant the base unit of the new model.

As for the design, the iPhone 7 and 7 Plus is expected to look almost the same as its predecessor. The camera is also one of the highlights of the iPhone 7 as it is rumored to feature 12-megapixels of resolution, an optical image stabilizer (OIS) and a dual-LED flash.

Other rumored specs and features include a Smart Connector to be found in the iPhone 7 Plus, a more responsive Touch ID, an A10 chipset and larger battery pack. All the rumored specs about the iPhone 7 only suggest that the device will yet become another impressive release from Apple, but they should be taken with a pinch of salt.