Apple is expected to update its iOS for mobile devices to version 4.3 in March and with it, the iPhone and iPad will say goodbye to the home button,
According to BGR's source, Apple is adding multitouch features to this software update in place of the button. Button taps will be replaced with swipes and multitouch gestures in order to return to the home screen or navigate to the app switcher.
If the software is losing the home-button functionality, it's safe to assume that the next-generation iPhone and iPad will probably lack the feature as well. In fact, Apple is already testing iPads and iPhones minus home buttons.
Rumor has it, this will fulfill one of Apple chief executive Steve Jobs' wishes for the original iPhone. Apparently he didn't even want any physical buttons on the smartphone in the first place.