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Why you don't want to buy the new iPhone now

Why you don't want to buy the new iPhone now
PHOTO COURTESY OF SHUTTERSTOCK

We've been hearing rumors about the new iPhone 7 for several months now. Everything from its lack of a headphone jack to longer battery life. But it's the latest iPhone 7 rumor that we all should be worried about.

You may have heard that Apple just reported its first-ever quarterly loss since 2003. That's because sales for the iPhone 6s and 6s Plus didn't reach the levels originally expected. And it looks like the same might be in store for the iPhone 7, especially if the newest rumors are true.

According to Ming-Chi Kuo, an analyst for KGI Securities, the new iPhone 7 won't be much to boast about. Kuo, who has been called one of the best analysts out there, predicts that Apple is holding onto its major innovations for the iPhone 8 model.

If Kuo is correct, the iPhone 7 will be very similar to models 6 and 6s, with just a few new features like the ones previously mentioned.

It is also believed that Apple might release a product called the iPhone 7 DC, which would essentially be a "Pro" model of the smartphone. This model is predicted to have an even better camera, but we won't know the exact details until Apple's annual hardware announcements in September.

But are these changes enough to warrant the hefty price tag all new iPhones come with? We don't really think so. That's why we're recommending that you hold onto your money this time around, and wait to see what's in store for the iPhone 8 next year.

If you're still considering the iPhone 7, here are some articles you should read before you buy:

Apple just made upgrading your iPhone more affordable than ever

Lease vs. buy: Which is better for your next smartphone?

New pics show what the next iPhone could look like

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