There are no credible rumors about this whatsoever. The Jet Black finish on the iPhone 7 is what materialized out of the "all glass" iPhone rumors. Many fail to realize that.
Also, nothing Apple has done indicates they have any interest in 1) a so-called edge-to-edge display, 2) ditching the home button.
It is funny the way people will interpret things any way they want to. They will use available information to fuel their preconceived notions.
Like this:
...that is one way to interpret the move to a solid state home button. Another way (the correct way that is not fueled by rumor) is to say: Apple just made the first major redesign to the Home Button in 10 editions of iPhone. They didn't do that this year just to completely ditch it next year. Apple doesn't waste R&D effort like that.
There is no good reason to believe that the 11th generation iPhone is anything other than the iPhone 7s.
That said...I do think next year will be a complete redesign
Both iPhones released in 2016 (iPhone SE and iPhone 7) are 3rd iteration/evolutions of core designs. They are fantastic phones, largely because Apple has had years to spend redesigning and perfecting these core designs. Look at iPhone 5 compared to iPhone SE. Look at iPhone 6 compared to 7. They achieved a lot over the years. But eventually, their own core design will become a limiting factor when they want to push forward with new ideas.
I think we'll see a new core design in 2017, that spans 4", 4.7" and 5.5" models (or maybe different sizes altogether). And I think that new core design will lead them forward through at least 3 iterations.
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Well your pulled out of the air theories don't mean anything. Most likely Jet Black is
what was mistaken for the all glass iPhone that was whispered to be in the works.