Apple just unveiled the iPhone 7 and iPhone 7 Plus — officially, at the September keynote address at San Francisco.

The big announcements are that the new iPhone have black and jet black finishes (no other colors so far), Two Cameras - Wide-angle and telephoto camera, water proof, stereo speakers, 3D touch and 2x Faster than iPhone 6.

The phones will come in silver, gold and rose gold, along with new colors "jet black" and regular "black" that replace the old space gray.

Here are the most important things you need to know:

  • Size and feel: The iPhone 7 feels pretty much the same as the iPhone 6S, with the same 4.7-inch screen. Apple says the "HD Retina display" is 25 percent brighter than last year's model. It includes the pressure-sensitive 3D Touch layer that buzzes slightly when you press and hold the screen.

  • The home button is gone. Instead, the iPhone 7 will have a haptic-feedback-equipped touch sensor. Thanks to the removal of the button, the phone is now water and dust resistant.

  • New front-facing camera: The iPhone 7's 7-megapixel front-facing camera leaps up from 5 megapixels on the iPhone 6S, and includes auto-image stabilization (but not optical image stabilization).

  • No headphone jack: It's gone. Really. Instead, Apple's new EarPods headphones will connect through the Lightning connector port; you'll also get an adaptor in the box. Apple's also pushing new, funky-looking AirPods headset connects wirelessly through auto-pairing. These worked pretty well, actually, and sounded pretty good in a the loud demo room.

  • New camera: The iPhone 7 keeps the 12-megapixel camera, but adds a larger aperture and -- this is a big deal -- optical image stabilization that keeps images steadier. We do notice that the camera sticks out more from the back.

  • Stereo speakers: A second speaker, 2× louder than iPhone 6s, joins the iPhone to give you stereo speakers. There's now one at the bottom and one at the top (this is first time for Apple).

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