2017 marks the 10th anniversary of the iPhone, and Apple has something major planned to celebrate the occasion—the debut of the iPhone 8. The world is impatiently waiting, and the drop can't come soon enough. So let's break down everything we know about the much-hyped device so far.

Release date

One of the most relevant details is the phone's actual release date. French website Mac4Ever first reported the launch event for the iPhone 8 will take place on Tuesday, Sept. 12. The Wall Street Journal is backing up that claim, reporting that Apple's annual new-expensive-toy-rollout event is going down that day and should include the iPhone 8. According to both WSJ and Mac4Ever, pre-orders are anticipated to become available on Friday, Sept. 15. The full rollout is expected to come a week later on Friday, Sept. 22. 

Mac4Ever says this timeline comes from phone operators who were given advance notice of the dates in order to handle the predictable traffic that will coincide with the phone's release.

Touch ID is out, facial recognition software is in

The iPhone 8 is expected to have a radical redesign. One of the major changes is the possible elimination of Touch ID. Bloomberg's Mark Gurman reported that 3D-sensing facial recognition software is expected to take its place. "It can scan a user’s face and unlock the iPhone within a few hundred milliseconds," Gurman said, citing a source with inside knowledge. "The intent is for it to replace the Touch ID fingerprint scanner."

No more physical Home button

On top of that change, it's been reported that there will be no physical Home button on the iPhone 8, and no bezels, aside from a small area for the front-facing camera. The new iPhone is expected to have an edge-to-edge design, with the display of the phone estimated to be around 5.8 inches, versus 4.7 and 5.5 inches for the 7 and 7 Plus, respectively.

OLED will replace LCD display

The display itself will reportedly be a flexible plastic OLED, instead of the current LCD. This would allow Apple to create a thinner device that consumes less power and offers a better display, with more true-to-life colors and higher contrast ratio. 

Glass body, no more aluminum 

As for the body of the phone, rumors suggest Apple is finally moving away from the aluminum it's used for the iPhone since version 5. Instead, it will feature a glass body similar to the one used for the iPhone 4. According to KGI Securities analyst Ming-Chi Kuo, the glass will be built around a polished, stainless steel frame, reminiscent of the Apple Watch design. 

Wireless charging

Allen Fung, general manager of battery and accessories company RAVpower, recently told Mashable that the new iPhone will also boast wireless charging. "Our sources tell us the next iPhones have special technology for wireless charging," Fung said. "Our wireless charger will wirelessly charge the next iPhones at full speed, as well as being able to charge other mobile devices wirelessly." I wonder if there will be wireless charging...

Selfie game going up

For the vain among us, your selfie game is about to level all the way up. According to BGR, the iPhone 8 camera will be upgraded to support 4K video and shoot 60 frames per second on both the front- and rear-facing cameras. The iPhone 7 can only shoot in 4K from the rear-facing camera at 30 frames per second. Meanwhile, its front-facing camera shoots at a measly 1080p.

Price

So how much is this bad boy gonna cost? The New York Times reported that a "premium model" will go for around $999, via anonymous sources who have been briefed on the product. But we won't know the real number until Apple reveals it.

There's one thing we know for sure: iPhone fans will be camped out in front of every store carrying the new phone, regardless of the final features.