Early Prime Day Deals Roe v. Wade Overturned Surface Laptop Go 2 Review 4th of July Sales M2 MacBook Pro Deals Healthy Meal Delivery Best TVs for Every Budget Noise-Canceling Earbuds Dip to $100

The iPhone 7 you want may not be here until 2017

Commentary: With rumors percolating that Apple's fall 2016 iPhone release will look very much like the iPhone 6S, you may have to wait for that big iPhone redesign you were hoping for.

Now playing: Watch this: iPhone 7 may not feature drastic changes

If the past is any indication, we're still about about four months away from Apple trotting out the next iPhone. But each passing week seems to bring a new rumor.

The latest is that the iPhone 7 -- or whatever Apple chooses to call its 2016 model -- will have the same basic chassis as the iPhone 6/6S and feature more modest upgrades such as a dual-lens camera in the larger 7 Plus and other performance bumps. A new totally redesigned iPhone won't come till 2017 -- and that new 10th-anniversary-edition model will include an edge-to-edge display and do away with the physical home button. The headphone jack may also disappear.

A lot of pundits, including our own John Falcone, are saying Apple's got a bit of a problem if this year's upcoming new iPhone doesn't seem all that new. With sales of iPhones already tapering off, Apple could use something that's the new new thing, not just a better version of an old thing.

Part of the problem is that the iPhone 6S and 6S Plus are pretty damn good phones. I liked the 5S, too, and now we have the iPhone SE, a better version of that same small 4-inch phone. The question is what new features will entice more people to upgrade their perfectly good phones, which, thanks to lack of subsidies from carriers, now cost a lot of money to replace?

Now playing: Watch this: Top 5 iPhone 7 features we want to see

Apple's CEO Tim Cook says there's plenty coming. When CNBC's Jim Cramer recently suggested in an interview that he liked his current iPhone just fine and didn't think it could get any better, Cook told him, "We are going to give you things [in new iPhones] that you can't live without that you just don't know you need today." It was a riff on what Steve Jobs told Business Week years ago: "A lot of times, people don't know what they want until you show it to them."

Unfortunately, Cook's reality distortion field isn't as strong as Jobs', so a lot of people didn't quite believe him, particularly after 3D Touch, a much-touted new feature in the iPhone 6S, has turned out to be something we could probably live without.

One of the reasons Cook gave for the slowdown for iPhone sales was that there was a lot of pent-up demand for iPhones with larger screens and the iPhone 6/6 Plus and their 2015 S successors satiated that demand. People are still upgrading their phones but not as fast as they used to, Cook said. (Apple expects you to use your iPhone or iPad for about three years, though often devices are passed along to other owners after that.)

Dream screen

The big knock against the iPhone vs. Samsung Galaxy and other Android smartphones is that you get more screen in a smaller chassis thanks to a smaller bezel on those Android models. It'd be nice to have something more like a 6S Plus screen in a 6S body, wouldn't it? Or an even bigger screen in the existing footprint of a 6S Plus (for all you big-screen phone lovers)?

Better battery life would be good, too, but chances are it won't improve because Apple likes to keep the iPhone as thin as possible. The Samsung OLED screen that's rumored to go in the 2017 iPhone (it's not supposed to make this year's model) may be more energy-efficient, but the edge-to-edge screens will presumably be larger, so battery life will probably remain the same or perhaps bump up a little.

Wireless charging and some waterproofing would be useful additions, but they're features I can live without.

I'd upgrade tomorrow if Apple included an expansion slot so I could add my own storage. But that's not going to happen, so that leaves me with the camera, which will get better. But it needs to get a lot better, not just a little, which means two years of development (2017), not one (2016).

The arrival of 5G networks and 5G devices may be cause to upgrade, but they aren't expected to be truly available until 2020, somewhere about the time the iPhone 13 comes out.

So in the short term, it seems it's all about the iPhone's screen design and the camera. And the big changes there probably won't arrive till 2017.

I can wait. Can you?