The tradition in recent years has been for each new generation of the iPhone -- such as last year's iPhone 6 and 6 Plus -- to be followed by a more modest 's' update. The 's' generally indicates a speed-bump, with the new model adding a faster processor and perhaps a few other refinements, but...
Innovative 3D Touch technology; Faster A9 processor; with 2GB memory; 12MP iSight camera; 5MP front camera; Tougher aluminium case and glass screen
Expensive; and 16GB configuration is pointless; Battery life leaves room for improvement; Third-party apps must be updated to use 3D Touch