Forget The Fed Meeting, September Means It's Time For A New iPhone

In a new report on Friday, Bloomberg pointed out Apple has seen two straight quarters of year-over-year revenue declines, and its upcoming September 7 event could change the trend — that is, if consumers once again line up across city blocks to buy a new iPhone.

Related Link: Get Ready For September's Jam-Packed Month

It is not yet known if this will happen, because the new product line and upgrades themselves aren't yet known. In the meantime, here is a breakdown compiled by Bloomberg on what to expect at Apple's event from each product line.

iPhone

• A "tweaked" design that makes the new iPhone look similar to the iPhone 6 and 6s but with a much cleaner look.
• A similar 4.7-inch and 5.5-inch screen.
• A new pressure-sensitive Home button that provides a "vibrating sensation."
• The removal of the headphone jack.
• An improved single-lens rear camera and a new dual-lens camera on the 5.5-inch model.
• A faster processor.

Watch

• The inclusion of a GPS chip for improved fitness tracking.
• A faster processor.
• Battery life improvements.

Software Updates

• iOS 10 will now be available on the iPhone 5 and later devices.
• watchOS 3 will be launched along with the ability to use Apple Pay within apps.
• A new version of the Apple TV software, tvOS 10, will include Siri integration, a redesigned view for Apple Music and more.
• macOS Sierra for the Mac operating system will add support for Apple Pay, Siri voice control and more.

Full ratings data available on Benzinga Pro.