Will the iPhone 7 be waterproof? Latest rumours ahead of Apple launch on Thursday

The iPhone 7 is expected to come in two new color options which KGI describes as "dark black" and glossy "piano black", replacing space grey.

With Apple's next announcement just days away, predictions for features in the much anticpated iPhone 7 are in overdrive.

Apple's September 7 (5am September 8 NZT) announcement is when the tech giant unveils its new devices and the star of the show is expected to be the heavily rumoured iPhone 7.

KGI Securities analyst Ming-Chi Kuo, who last year correctly predicted Apple would launch the iPhone SE, expects the iPhone 7 to be waterproof, according to a 9to5Mac report.

Watch: First look at the iPhone 7:

The report from KGI Securities said the iPhone 7 would have a waterproof rating of IPX7, on par with the Apple Watch. This rating would mean the phone would withstand immersion in water up to 1 metre for up to 30 minutes.

The iPhone 7 will also come in two new color options which KGI describes as "dark black" and glossy "piano black", replacing space grey.

KGI predicts the iPhone 7 screen display will also be getting an upgrade, although size and resolution will stay the same. The screen display will 'copy' the visual features of the iPad Pro, meaning it will render wide-colour imagery.

Heavy speculation suggests Apple will add a second camera lens to the rear of the smartphone for the first time while also removing the headphone jack and moving to wireless earphones. On the storage front, Apple is expected to dump its 16GB and 64GB options for new 32GB, 128GB and 256GB tiers.

A second generation of the Apple Watch and more information on iOS 10 could also be revealed at the event in San Francisco.

Tech journalists from around the world attend the event to witness the launch of the new devices first hand.

Apple always live-streams its launch events and people wanting to watch the event on a Mac can open Safari, go to the Apple website and watch it live.

On an iPhone or iPad open Safari and visit the Apple website to watch it live.

For live coverage of the event visit nzherald.co.nz from 5am Thursday morning.