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Apple pulling the plug on the headphone jack?

Rumors are already flying about features the iPhone 7 might have, just over a month after the latest iPhone model was released.

But this latest rumor might be a total game changer.

According to a Japanese blog, Apple may remove the standard audio jack for the iPhone 7 to make it slimmer.

Critics say this will create a major headache for a generally uniform headphone industry.

Mashable's Chief Correspondent and Editor-at-large Lance Ulanoff discusses the speculation with CBSN's Elaine Quijano. To see what he has to say, watch the video above.