As expected, Apple took of the wraps off their new iPhones, the iPhone 7 and the iPhone 7 Plus (No iPhone 7 Pro it seems).
With most rumours hitting the mark, no more audio jack, same design and the inclusion of water resistance being the most famously talked about, let's take an official look at the newest release by Apple.

The iPhone 7 and iPhone 7 Plus has mostly similar dimensions with their predecessors, even sharing the overall shape. The major difference would be the placement of the antenna lines and the cameras.
Instead of the antenna lines going straight across the body, you'll find it going across the top and botton of the phone. It's still too early for me to decide whether this is a better or worse design decision by Apple.
Moving on to a hot feature, there is a new camera(s) to on the iPhone 7 and iPhone 7 Plus. For the first time, the cameras on Apple's two iPhones are significantly different. The iPhone 7 getting an upgraded 12 MP iSight camera with a bigger aperture of f/1.8. The iPhone 7 Plus meanwhile gets a dual camera setup consisting of the standard wide-angle lens with a telephoto lens.

What it does is give the iPhone 7 Plus the ability to have 2x optical zoom. It also helps in creating the Bokeh effect, something that was usually restricted to DSLR (though nowadays you can find an app that can replicate this).
To make things clearer, Apple has put a new Quad-LED true tone flash that is 50% brighter than the previous flash.

At the front, you'll be getting a 7MP camera. This should translate into better FaceTime videos and better selfies as well.
Moving onto the display, it still maintains the same resolution as their predecessors. iPhone 7 being only HD while iPhone 7 Plus is Full HD. Though there is a wider gamut of colour now and it's 25% brighter.
To ease (burden?) your mind, there is no longer an audio jack for you to plug-in your earphone/headphones. For this, you'll have to use the Lightning adapter provided for free with the new iPhones. This means that you can't listen to music with your old earphone while charging your phone. For me, it's quite a bummer.
You'll also be getting a new earpods with Lightning connector as all matter regarding listening to music, transferring data and charging will be done through the Lightning connector.
Another solution would be for you to go and get a bluetooth earphones. Prices are going down but a good pair is still quite expensive and wouldn't be in the reach of the average Joe. Apple also introduced their own version, which are the Airpods. Design wise, I really don't like. Plus, it's expected to cost quite a lot.
We all know that the iPhone chip is going to be the most powerful in a smartphone, just to emphasize that fact Apple named its latest processor as the A10 Fusion. Two times faster than the A8. It's a quad-core 64-bit processor that is also said to increase the iPhone's battery life.

Other notable features are:
- Stereo speakers: with the other speaker being at the top.
- Internal storage now starts at 32GB, 128GB and 256GB
Sadly though there will not be any blue coloured iPhone as rendered in some rumours, but what we do get is a new Jet Black with a redesigned matte black. Yes, two black iPhones with the Jet Black being the more premium. If I'm not mistaken the Jet Black iPhone is only available in the highest configuration.
As to when it will be coming to Malaysia? Well don't hold your breath because Malaysia is not even in the second wave of countries to receive the latest iPhones.
This has always been something that bugs me, how come Malaysia is not selected. Are we not economically attractive enough?
Prices starts at:
iPhone 7 $649 and iPhone 7 Plus $769
Lowyat.net has made assumptions on the possible prices for the iPhones when they reach Malaysia.
Do check their article here.
For now pre-orders from online retailers such as Lazada has already begun.