With all the iPhone 7 rumors looming, Apple has finally sent out media invitations to an event that will likely result in the reveal of the company’s newest mobile devices. The company has said there will be an announcement Sept. 7.

Phone Arena reported the iPhone 7 prices were leaked in Chinese Yuan. The rumored priced of the phones can be found below.

iPhone 7

32 GB - ¥5288 ($790)

128 GB - ¥6088 ($910)

256 GB - ¥7088 ($1,060)

iPhone 7 Plus

32 GB - ¥6088 ($910)

128 GB - ¥ 6888 ($1,030)

256 GB - ¥7888 ($1,180)

Although it may seem pricey, you are getting more bang for your buck this time around with plenty of new features. Check out the five reasons why the iPhone 7 and iPhone 7 Plus is worth the price upgrade.

1. More storage!

In the past Apple has only offered up to 128GB when it comes to storage, leaving customers to deal with the annoying message that the device doesn’t have enough space after snapping too many pictures or downloading too many apps. The company is now rumored to be offering customers the option to buy phones up to 256GB and is also getting rid of the 16GB model.

2. Longer battery life.

The new device is expected to feature a fast changing technology that will give the phone several hours of battery life from just a few minutes of charging.

3. More colors!

Leaked images of the new phone have been floating around the internet with several photos showing a blue iPhone. Apple has already introduced rose gold, gold and silver to the iPhone family. The addition of a blue device would give customers another decision to make when deciding which iPhone best fits into their life.

4. Better camera quality.

Customers willing to shell out some extra cash for the iPhone 7 Plus will be able to enjoy the dual-lens camera which allows for an increase in light sensitivity and makes it easier for the user to achieve the desired effect, particularly in blurring backgrounds, according to iTech Post.

5. Waterproof iPhone?

iPhone users may no longer have to worry about mistakenly dropping their phones in water. The iPhone 7 is rumored to have full water resistance similar to competitors like Samsung.

The Apple event is scheduled to take place at Bill Graham Civic Auditorium in San Francisco at 10 a.m. local time.