Apple Glass-Heavy iPhone Still Alive
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Markets edged higher pre-market as Nasdaq-100 futures gained 0.3% while oil slipped near $82 on mixed U.S.-Iran signals.
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INTC upsized its stock offering to $20 billion as TSM partnered with Sony on a $4.69 billion chip JV targeting 2029.
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Live Blog Update #2 Published
Apple (Nasdaq: AAPL) got a counterpunch to the iPhone-cancelation scuttlebutt, with Bloomberg reporting that the company still plans a glass-heavy iPhone redesign for the device’s 20th anniversary next year. The newer Pro models are expected to use glass across the front and back, curving into the sides around a metal band, while a more ambitious all-glass version was reportedly scrapped earlier because it could not scale cleanly in production.
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HSBC says Wednesday’s CPI report could give markets the next dovish spark. The bank expects another tame inflation reading after June’s softer print, a setup that could push rate-hike expectations further out of the market’s path.
The potential market read is classic Goldilocks: inflation cool enough to keep the Fed patient, but not so weak that it screams recession. HSBC says that could pull Treasury yields lower, steepen the curve, and give risk assets another reason to keep climbing.
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Taiwan Semiconductor (TSMC) and Sony are deepening their Japan chip partnership, according to a report in the Wall Street Journal. The companies have clinched a $4.69 billion JV to develop and manufacture next-gen smartphone image sensors in southern Japan. Sony will control the venture and invest about $2.92 billion through cash and asset transfers, including its new Kumamoto chip factory, while TSMC will invest roughly $1.77 billion. Volume production is expected to begin in 2029, giving the deal a long runway.
Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
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