{"id":5885,"date":"2026-08-24T10:14:42","date_gmt":"2026-08-24T10:14:42","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=5885"},"modified":"2026-08-24T10:14:42","modified_gmt":"2026-08-24T10:14:42","slug":"apple-to-launch-2000-plus-foldable-iphone-ultra-in-early-september-report","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=5885","title":{"rendered":"Apple to launch $2,000-plus foldable \u2018iPhone Ultra\u2019 in early September: report"},"content":{"rendered":"
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ONE BIG THING<\/h3>

Foldable iPhone \u2018Ultra\u2019 launch coming<\/b><\/h2>\n

Apple will hold a launch event on or about September 9 for a new foldable iPhone, <\/span>according to \u201cApple Whisperer\u201d Mark Gurman of Bloomberg<\/span>. The news is significant because it will be the first time since 2023\u2014the launch of Apple Vision Pro\u2014that the company has released a new product in a new form factor (not including accessories).\u00a0<\/span><\/p>

Read more Scott Bessent and the bond market: a pointless intervention<\/a><\/p>\n

The new iPhone will be called iPhone Ultra, <\/span>according to 9to5Mac<\/span>.<\/span><\/p>

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Gurman says: \u201cPeople who have tried the Apple model like how it fits in a pocket, the feel and durability of the advanced hinge mechanism, and the new iPad-like app layouts that take advantage of the larger internal display. It\u2019s going to be an ultra-premium device that provides a halo for the full Apple lineup and will be a marketing engine to get people into the company\u2019s retail stores.\u201d<\/span><\/p>\n

The price will be above $2,000. Interestingly, the phone will lack two significant features. It won’t have a telephoto camera. And it will be secured by old-school Touch ID, not Face ID, the current security gate for unlocking an iPhone.\u00a0<\/span><\/p>\n

Foldables have a 1.6% share of the phone market, although China alone accounts for 10 million in unit sales of existing foldables from Google, Huawei, and Samsung.<\/span><\/p>

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MORE FROM FORTUNE<\/h3>

Bryan Johnson’s Quantified Life | Fortune Daily<\/span><\/p>\n

How Washington\u2019s interest bill on the $40 trillion national debt exploded 14% in just 9 months<\/span> – Shawn Tully<\/span><\/p>

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The Treasury\u2019s recent moves in the bond and currency markets add up to \u2018soft-form financial repression\u2019 to lower debt costs, economist warns<\/span> – Jason Ma<\/span><\/p>

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Meet Flock, the $8 billion startup backed by a16z and Tiger facing growing backlash against surveillance capitalism<\/span> – Catherina Gioino<\/span><\/p>

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Russia is suffering from a slow-motion bank run as the Kremlin scavenges for war funding\u2014and it may start seizing recruits for the military too<\/span> – Jason Ma<\/span><\/p>\n

The Iran war could last \u2018deep into 2027\u2019 as the Strait of Hormuz isn\u2019t that closed, allowing more oil to leak out\u2014but major escalation is likely soon<\/span> – Jason Ma<\/span><\/p>

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The company selling a $3,000 mattress cover that billionaires love wants to become a healthcare company that treats sleep apnea<\/span> – Lily Mae Lazarus<\/span><\/p>

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American Staffing Association chief economist: The future of work is temporary, and that changes everything about the labor market<\/span> – Noah Yosif<\/span><\/p>\n

FAST FASHION, SLOWING VALUATION<\/h3>

Shein eyes $27 billion IPO in Hong Kong<\/b><\/h2>\n

Shein finally filed its IPO prospectus for a share launch in Hong Kong. You can read the prospectus <\/span>. The company is valued at $27 billion, and the stock float seeks to raise $1.8 billion.\u00a0<\/span><\/p>

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That valuation is a significant reduction from three years ago when it was valued at $64 billion, or from 2022 when the valuation was $98 billion, <\/span>CNBC notes<\/span>. Sales growth has slowed, and the U.S. tariff regime has crimped its export business. The company reported $41.8 billion in revenue for 2025, and $9 billion in sales for Q1 2026.<\/span><\/p>\n

The company was deterred from listing in London or New York due to political objections to potential forced labor practices in its supply chain.<\/span><\/p>\n

THE MARKETS<\/h3>

Stocks mixed as traders await Nvidia earnings and Warsh at Jackson Hole<\/b><\/h2>\n

Global markets were mixed this morning. U.S. futures were marginally down before the opening bell in New York. Indexes in Europe were up slightly before lunch. It was not a great day in Asia: all the major markets declined.<\/span><\/p>

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We\u2019ve got a busy calendar of market-moving events<\/b> this week, starting today with a speech at about 2 p.m. from U.S. Treasury Secretary Scott Bessent, who will put some details (hopefully) on the White House\u2019s plan for \u201cEconomic D-Day\u201d against Iran. He wrote a preview in the FT <\/span>here<\/span>.<\/span><\/p>\n

Nvidia discloses its Q2 FY2027 earnings<\/b> on Wednesday. Analysts are forecasting earnings per share of $2.07 to $2.09. \u201cIt\u2019s kind of becoming more and more like the World Cup final than the Super Bowl at this point,\u201d Brian Mulberry, chief market strategist at Zacks Investment Management, <\/span>told the WSJ<\/span>. \u201cIt\u2019s just gotten to be that big.\u201d<\/span><\/p>

Read more Feral hogs are running wild in 35 states and the Senate is debating whether to triple funding<\/a><\/p>\n

On Friday, Fed Chairman Kevin Warsh speaks<\/b> at Jackson Hole. The big question is whether he will give economists any meaningful details about how he sees the economy\u2014Warsh has said he dislikes giving \u201cforward guidance.\u201d<\/span><\/p>

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