A Bloomberg source who has used the device says that the dual lens camera will produce brighter photos with more detail. The dual lens systems sharpens photos taken in low light and lets you zoom while retaining more clarity.
Both sensors, which each capture color differently, simultaneously take a picture, and the device produces a single, merged photograph, said the person.
The new Home button is said to work similar to the Force Touch trackpad on Apple's recent MacBooks.
Current home buttons are switches that physically press into the phone, but the new models will have a pressure-sensitive button that provides feedback to the user via a vibrating haptic sensation rather than a true physical click, according to the people. This mechanism is similar to that of the trackpads on the latest MacBook line.
Apple is expected to unveil its new iPhone on Wednesday, September 7th. Please follow iClarified on Twitter, Facebook, Google+, or RSS for updates. Check out this video for a preview of what's expected.