As suspected, the new iPhone 7 is water resistant, has stereo speakers, lost the headphone jack and has a brand new camera. The improved camera has optical image stabilization, a 1.8 aperture lens, and a 12 megapixel sensor that is 60 percent faster. So some nice improvements there. Design-wise, it’s nearly the same as the iPhone 6, however, the new Jet Black color is a stunner with its shiny piano gloss finish. A new A10 fusion processor has a four-core CPU for a performance boost.