How to reset iPhone 7 (formerly power + home button)

The iPhone 7 home button is now a capacitive touch button that requires the phone to be functioning properly in order to use, it can no longer serve as a manual override during a reboot.

To perform a reset holdĀ both volume buttons and the power/sleep button togetherĀ for 10 seconds. Once the device powers down and the Apple logo appears, release all three buttons.

Reset complete.