Let's face it, 16 gigabytes of storage just isn't enough nowadays, and if this current rumor is right, Apple is finally going to address the second biggest annoyance facing iPhone users (the first annoyance is battery life).
The latest rumor to leak is that not only has Apple decided to shelve the 16GB version of the iPhone, but that the 64GB option is also gone. This means that the storage lineup will look like this:
The reason why Apple continued to sell iPhones with 16 gigabytes of storage for so long is well established - kitting out the base model with only 16GB gives owners a huge incentive to buy the more expensive model - but it is likely that future versions of iOS will outgrow 16 gigabytes of storage, so Apple is preparing the groundwork for this.
Adding a 256GB option for the higher-end model also makes sense given that Apple is already buying high-capacity flash for the iPad Pro.
There is also a rumor that a new finish is coming to the iPhone 7, and that Space Black will join Space Grey, Silver, Gold and Rose Gold finishes. This will be the first black IPhone that Apple has made since the iPhone 5S.
This does make some sense given that the Apple Watch is currently offered in black.