While all sorts of rumors and leaks surrounding Apple's next iPhone are pouring in from all corners, there's one thing Wall Street analysts seem to agree on. Apple's impending flagship smartphone will be undergoing a radical cosmetic overhaul, with smaller bezels encompassing the phone's screen.

The new iPhone is rumored to hit the store shelves this fall and as we draw closer to the rumored launch date, more and more leaked renders have been hinting at the device's smaller bezels. By adopting this design strategy, Apple could be looking to pack a bigger screen in a smaller device. In other words, though the new iPhone won't boast larger form factor, it will still have a bigger screen.

This is portrayed quite well in a diagram from JP Morgan's Rod Hall (via BusinessInsider). More importantly, this will allow Apple to take on other Android phone makers including Samsung. The recently launched Galaxy S8 boasts a bigger screen than Apple's phones but packed in a smaller body.

Shreds of new information hint at a triple upgrade that will change the way people look at these smartphones. Popular Apple site, MacRumors got hold of a research note, which cited a revelation made by multinational banking and financial services company Barclays. According to the note, the next generation iPhones will come with leading-edge screen technology.

Apparently, the iPhone 7S, iPhone 7S Plus and iPhone 8 will get a full spectral sensing ambient light sensor that will bring the tech firm's 'True Color' iPad Pro technology to phones. It's worth noting this has never been done before. Barclays says Austrian semiconductor manufacturer, AMS will be supplying the sensors.

As Apple reveals on its iPad Pro page: True Tone uses advanced four-channel ambient light sensors to readjust the color and intensity of the display automatically in order to suit the light in a user's environment. In such wise, reading gets more natural and comfortable.