The notion that the iPhone 14 Pro series will feature Face ID hardware and a pill-shaped punch-hole is gaining steam. According to reports, Apple has included two cut-outs in its next-generation displays, but one will be reflective and invisible when using either the iPhone 14 Pro or iPhone 14 Pro Max. The reflective cut-out will be for Face ID, leaving a pill-shaped cut-out for a front-facing camera.
https://www.notebookcheck.net/Apple-iPhone-14-Pro-and-iPhone-14-Pro-Max-display-panel-design-leaks-with-reflective-Face-ID-and-pill-shaped-camera-cut-outs.590954.0.html