On Monday, Jan. 9, Apple celebrates 10 years of unveiling its first iPhone at the Macworld 2007 expo. Popularly referred to as a cultural icon by analysts, Apple promises to launch the iPhone 8 soon.

Even as iDevice fans have been gearing up for the next-gen handset, Apple acknowledges that the company is yet to traverse many more milestones. Apple's CEO, Tim Cook, has piqued consumer interest by saying that the best is yet to come.

"iPhone is an essential part of our customers' lives, and today more than ever it is redefining the way we communicate, entertain, work and live. iPhone set the standard for mobile computing in its first decade and we are just getting started. The best is yet to come," said Cook.

The iPhone has become an integral part of customers's lives and since its inception, the smartphone has redefined how people communicate.

"It is amazing that from the very first iPhone through to today's newest iPhone 7 Plus, it has remained the gold standard by which all other smartphones are judged," noted Philip Schiller, Apple's SVP of Worldwide Marketing.

Impeccable Journey Of iPhone

It has been an impeccable journey for Apple since the inception of the iPhone. With 11 generations of Apple smartphones, the company tries to redesign and enhance the model every year.

On Jan.9, 2007, a decade ago, Steve Jobs introduced the first-ever iPhone, touting it to be a game-changing product which would revolutionize the concept of communication. 

Apple is expected to take the wraps off the successor of the iPhone 7 — the iPhone8 — in fall 2017. The next-gen iPhone's rumors hint at novel features and a modified design, which augurs well for the Cupertino-based company. Its wide screen is one of the noted features of this upcoming iDevice.

The iPhone redefines the modern era of personal computing. With competitors scoffing at the initial sales of iPhone 3G, Apple traversed a long journey. Since then it has never looked back. Today, the iPhone is the most significant product in the Apple lineup, accounting for the company's maximum revenue and profit.

iPhone 8 Rumors

Apple is expected to launch the iPhone 8, codenamed Ferrari, in Q4 2017. This 10th anniversary iPhone is expected to have an edge-to-edge OLED display. The smartphone is rumored to have bypassed a physical home button and the device's screen would reportedly have the feature embedded, along with Touch ID.

The iPhone8 is also expected to come with features such as a curved screen, glass back, wireless battery charging support, and a 10-nanometer A11 processor.

Apple will likely refresh its flagship handset around September. Until then, the iPhone 7 and iPhone 7 Plus remain the flag bearers for Apple.

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