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Apple's fall event in San Francisco will take place in a few days on September 7, Wednesday and a large iPhone 7 leak has just showed up on the web. The information published by famous Apple analyst Ming Chi Kuo includes some key details on everything to expect from the next iPhone series. During the past few months several iPhone 7 rumors have appeared on the Internet, but Kuo's research report includes the best look at the new handset.

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The report showed up on MacRumors. It has already been rumored that the new Apple smartphone would drop the 16GB model and upgrade to a 32GB model, but Kuo added that the mid-level iPhone 7 will also include 128GB of storage space instead of 64GB, and the upper-level model will have 256GB of storage.

This will help iPhone fans to handle storage problems due to high-res images, 4K video, and data-hogging apps.

Both lenses of the iPhone 7 Plus' dual-lens rear camera will reportedly be 12-megapixel. However, one will be a wide-angle camera with larger pixels and 6P lens. The other camera will be a telephoto lens for snapping distant objects, with smaller pixels and 5P lens.  

In addition, the two-lens camera will boost the tech giant's production costs by around $40, and might make the iPhone 7 Plus' price tag higher than the iPhone 6 Plus, according to BGR.

The KGI Securities analyst also verified past iPhone 7 rumors that the handset will lack a 3.5mm headphone jack. Apple's new phone will ship with Lightning EarPods and Lightning headphone adapter.

Kuo reported that the next-gen iPhone will include a flush home button like MacBook trackpads.

Apple's next smartphone will also include the wide color display tech that Apple unveiled for the 9.7-inch iPad Pro. That will improve color quality and clarity.

The next iPhone 7 models will also reportedly include five color options. They include silver, rose gold, gold, dark black and piano black, while the dark blue model seems to be unaccounted for.   

In related news, Apple might also unveil a new Apple Watch at the September event. It has been almost exactly two years since the tech company introduced Watch although the smart watch hit retail stores about eight months later.

There are no signs that the wrist wearable will get a major design change this year or next year, according to The Verge. Some new bands might be launched. In addition, Apple Watch will likely get GPS and a faster processor.

Here are some Apple Watch 2 rumors: