This isn’t the first time the rumor has popped up, mind you; it’s been floating around ever since we’ve been told the 2017 iPhone will have a curved OLED display. The point appears to be killing the top and bottom bezels as much as possible.
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The craziest bit about the rumor though is what Apple will do the TouchID sensor. It could just most it to the back, Google-style, but instead it appears Apple may build TouchID into the display itself.
The idea isn’t totally unprecented. LG developed an invisible fingerprint scanner a few months ago, and while that wouldn’t sit in the display itself, it’s not unfeasible that apple could figure out a way to make that work.
The front facing camera and speaker slit, on the other seem a lot more difficult to completely hide – my bet would simply be that the top bezel will simply become smaller rather than be removed.
True or not, expect next year’s iPhone to be a radical design shift. It’s the phone’s 10 year anniversary, so Apple’s going to want to go all out – which is probably why this year’s model will be so boring.