Today is a big day in the tech world. Apple is holding its annual launch event where the new iPhone 7 is expected to be revealed. The device comes just as rival Samsung has recalled its flagship Note 7 over battery issues. The new phone is likely to stick with two sizes of the iPhone 6. The new phone is also said to be water resistant, handling submersion for up to 30 minutes. There Will be an iPhone 7 and an iPhone 7 Plus. Consumers will have to wait a few weeks before they are shipped. Pre-orders are expected to open on Friday.