These are the exciting changes coming to the new iPhone

Apple is debuting three new iPhone models next month, one of which will sport the most changes to the company's signature device since it launched in 2007. People familiar with the new phone told Bloomberg that the iPhone 8 will get rid of the "home" button, with the front of the phone instead being nearly entirely filled by screen.

"Across the bottom of the screen there's a thin software bar in lieu of the home button," Bloomberg writes. "A user can drag it up to the middle of the screen to open the phone. When inside an app, a similar gesture starts multitasking. From here, users can continue to flick upwards to close the app and go back to the home screen."

The new phone will also have rounded corners, as opposed to square, and a "3D facial recognition sensor to unlock [the] phone and make payments." An infrared sensor will also make the camera capable of facial recognition in the dark.

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The two other iPhone models will use "faster processors, but include the same screens as the iPhone 7 and iPhone 7 Plus," Bloomberg writes. The full details on all the devices will be available in September. Read more about what to expect at Bloomberg.