LIVE BLOG: Here's the iPhone 7

It's a wrap: Tim Cook thanks Apple employees in the audience for working on the new products.

The new iPhones will come in 32 GB, 128 GB, and 256 GB models

The new glossy black model will come in only 128 GB or 256 GB

Price: Same as iPhone 6s. Starts at $649.

iPhone 7 battery: Longest battery life ever in an iPhone.

Talking about the battery, iPhone 7 lasts two hours longer than the iPhone 6S

This kind of graphics will make console-level gaming possible on the iPhone. F1 2016 is coming to iPhone.

Performance: They will be backed by A10 Fusion processor, with four-core processor with 3.3 billion transistor. It is a rocket ship.

iPhone 7 performance: Graphics are 50% faster than A9 chip, which is used in iPhone 6S.

iPhone 7 and iPhone 7 Plus, Apple Watch Series 2 includes Felica, an NFC technology used in Japan. Rolling out in October, along with transit on Apple Maps.

You open the AirPods case and a pop-up on your iPhone prompts you to connect. When you tap Connect you're connected. It's a one-step setup across all your devices.

Welcome the new Airpods. You can double-tap the AirPods to activate Siri. It has a noise-reducing mic. The W1 chip lets you switch between Apple devices connected to it easily.

Say goodbye to headphone jacks!!

There's an adapter for Lightning to 3.5mm adapter and it'll be included in the box with iPhone 7 and 7 Plus.

iPhone 7 will have EarPods and they connect over the Lightning port

iPhone7 stereo speakers. One on top. One at the bottom

Coming to speakers now, iPhone 7 and iPhone 7 Plus have stereo speakers and have twice the volume

We're not saying to throw out DSLRs, what we are saying is this is the best camera we've ever made in a smartphone

iPhone 7 Plus Camera: Tap the picture to zoom in and click a picture with the telephoto lens. You can zoom to 1x to 10x. Beyond 2x is software zoom but it's much better now thanks to the second camera on the iPhone 7 Plus

iPhone 7 Plus Camera: You can see a real-time deep-depth preview with the iPhone 7 Plus

iPhone 7Plus Camera: The quality is better with optical and software zoom

iPhone 7 Plus camera will have two 12MP cameras-wide angle and telephoto

iPhone 7 camera: 7MP FaceTime HD Camera

iPhone 7 camera: The low light pictures will appear way better than earlier

iPhone 7 Camera: Optical image stabalisation. The camera is faster and more efficient

iPhone 7 is water resistant

The iPhone 7 has new glossy black colour and it looks gorgeous

iPhone 7 is the best iPhone we have ever created

Let's talk about iOS 10. There's a huge focus on HomeKit and they will have a new app called Home in iOS 10.

More than one billion iPhones have been sold and they are the best-selling product in the history of the world.

Nike will have a new Watch model called Nike+. It has a sporty look and band.

Ceramic is the new casing material and it's a creamy white color. It will be 4 times harder than steel

It'll have built-in GPS for accurate run/walk tracking.

Developers have largely shunned the Apple Watch. Instead, most of the focus seems to be on notifications and fitness tracking. Apple appears to be simplifying the Watch.

The Apple Watch has a new faster chip called S2. It also has a brighter display, brighter than any other display on an Apple product. This helps for outdoor use.

The Apple Watch Series 2 speaker ejects water from entering the device. It's water resistant up to 50 meters.

It's called Apple Watch Series 2 and it's "swim proof."It looks nearly identical to the current Apple Watch.

We're seeing a video for the new Apple Watch. It shows someone swimming. It must be water resistant.

Super Mario Run will launch before the holidays this year.