Update:

Apple doubles the built-in storage -- starts at 32 GB. This is a long-needed upgrade for the iPhone. 32, 128, 256 GB.

Schiler claims people using a 6s will get 2 more hours in their day on a 7. 

iPhone pricing, meanwhile, remains the same. Apple's iPhone 7 to cost $649, the same as iPhone 6s. The iPhone 7 Plus starts at $769. Preorders begin Sept. 9, and the phones ship Sept. 16.

A10 Fusion, the A10 chip in the iPhone 7

As we predicted, Apple removes headphone jack. Will connect via the Lightning port. There will be an adapter for the old earbuds.

1) Lighting earbuds in the box.

2) Dongle in the box to connect old earbuds and headphones.

3) New wireless Apple Airpods.

It's a dongle! (It will be included in the box.) pic.twitter.com/2sSi6ciaS5

— Joanna Stern (@JoannaStern) September 7, 2016

New Retina HD display: 25% brighter.

Depth Effect (allows you to put the subject in the forefront in focus and blur the background scene) will be a free software update coming to the iPhone 7 Plus later this year.

Major camera improvements on both new iPhones; Two cameras on the iPhone 7 Plus, as rumors suggested.

iPhone 7 is water and dust resistant! Itis IP67 rated: 1 meter of water up to 30 minutes.

Cook says it is iPhone 7.

New iPhone Now!

Apple Watch series 2: Focus fitness; waterproof up to 50 meters; Dual core processor, new GPU (2x graphics performance, says Apple); New screen that is 2x brighter; Built in GPS; no talk of improving the battery life; New Watch will start at $369. The original Apple Watch, which has been updated with the new faster processor, will start at $269. They will go on sale Sept. 16.

"Brightest display Apple has ever shipped," Williams said.

Apple unveils real-time collaboration for iWork.

Niantic's chief on stage at Apple's event, displaying how to play Pokemon Go on Apple Watch.

Pokemon Go coming to Apple Watch! 

Pokémon Go comes to the Apple Watch. Is this a Nintendo event? #AppleEvent pic.twitter.com/GKZaTE7vmP

— Geoffrey A. Fowler (@geoffreyfowler) September 7, 2016

It is an all-new game: Super Mario Run, not the original Super Mario Bros.Mario!!! Coming to App Store.
CEO Tim Cook: More than 140 billion app store downloads. 

A video of Tim Cook with James Corden doing carpool karaoke

Watch the Apple iPhone 7 event online live stream for free via the company's official website, where CEO Tim Cook will launch the new iPhone and other gadgets. All you will need to watch the live stream of the event is a Mac, an iPhone or an iPad, or an iPod with OX 6 or iOS 7, and higher.

Many regions will have different regulations and if there is any trouble to access the iPhone 7 live event, you can change your region and you will be good to go. Then again, you can also see the live stream on Microsoft's edge browser on windows 10.

Huffington Post reported that the Cupertino-based company will also launch other devices like the premium version of iPhone 7 and the Apple Watch 2 at the upcoming event. The smartwatch is expected to sport many new features like GPS tracker and the enhanced battery.

As far as the specs details about the upcoming iPhone 7 are concerned, reports suggested that the smartphone will consist of a sleeker water-resistant chassis, a better camera and faster processor as compared to its predecessor.

To add to the design changes, the new Apple device is expected to be stripped of the headphone jack. iPhone 7 users will be provided with the Lightning connector port, which will help them with faster data transfers and charging.

Also, the iPhone 7 Premium variant is supposed to sport the dual-camera setup. The new Apple smartphone might also consist of a pressure-sensitive home button and an OLED display panel. Rumors hinted that the new device will flaunt a 32 GB base model along with additional key sensors like the proximity sensor and 3D touch sensor.

Catch the Apple Live stream event for the iPhone 7 at 10 am EST [Pacific Time] via live stream in San Francisco on September 7.

Stay tuned in here for more updates on the Apple's live stream event and the iPhone 7.