Angular 7 released in October 2018, just like it was scheduled. The new features of the framework are the updated form of Node 10, TypeScript 3.1 and RxJS 6.3.

Angular 7 is a major Angular release. It comes with many small improvements and maintains the dependencies and further performance improvements. Angular 7 updated the entire platform, core framework, Angular Material, and CLI as well as provide new features to the toolchain and several partner launches. Therefore, this Angular release prepares for the future. By keeping your angular app updated ensures you to take several advantages like leading-edge new features, as well as optimizations and bug fixes.

For a full presentation of those updates, you must read angular 7 new features section.