Core Viewpoint - Apple is set to launch a special edition iPhone in 2027 to celebrate the 20th anniversary of the iPhone, featuring an all-in-one curved glass body that allows the entire device to function as a display and touch interface [1][3]. Group 1: Design and Features - The new model will replace the traditional front and back glass with a single piece of curved glass that wraps around the body, enabling real-time display of time, notifications, or control buttons on the sides and back [3]. - The glass area will feature pressure sensitivity to recognize gestures such as sliding and pressing, facilitating a button-free interaction experience [3]. - The system will come pre-installed with a liquid glass interface that has been tested in the iOS 26 beta, providing seamless animation and visual feedback that enhances the multi-touch experience [3]. Group 2: Market Context and Production - The launch in 2027 coincides with the end of a ten-year design cycle initiated by the iPhone X in 2017, presenting an opportunity for Apple to redefine smartphone design once again [3]. - Supply chain sources indicate that the yield rate for the curved glass has improved to mass production levels, with preparations for stock expected to begin by the end of 2026 [3].

Group 1: Mergers and Acquisitions - Merck announced a $3.9 billion acquisition of American biotechnology company SpringWorks [2] - Toyota plans to invest 6 trillion yen for acquisitions, leading to a trading halt after the announcement [2] - Spirit AeroSystems reached a final agreement with Airbus regarding the acquisition of certain assets [2] Group 2: Company Financials and Projections - Intel lowered its total capital expenditure target for 2025 to $18 billion [2] - Bank of America reduced Apple's target price to $240 and lowered revenue and profit forecasts for the fiscal year 2026 [2] Group 3: Product Developments and Innovations - Apple is reportedly planning to launch a special edition iPhone to celebrate its 20th anniversary [2] - Pony.ai, in collaboration with Toyota, BAIC, and GAC, unveiled the seventh-generation Robotaxi platform at the Shanghai Auto Show, with hardware BOM costs decreasing by approximately 70% and plans for mass production in the second half of 2025 [2] - Faraday Future announced plans to initiate acquisitions of high-value, cost-effective AI technology companies and related technologies [2] Group 4: Market Performance and Outlook - NIO's CEO Li Bin stated that this year is a significant year for NIO's products and technology, expressing confidence in achieving profitability in the fourth quarter [2] - MicroStrategy increased its Bitcoin holdings by approximately $1.42 billion, acquiring 15,355 bitcoins last week [3]