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Morgan Stanley: Foldable iPhone Expected to Contribute $14 Billion, Pro Models Price Increase Over $200

According to Chaoxiang Research, a Morgan Stanley research report dated September 1, 2026 states that Apple will release its first foldable iPhone on September 9. Initial production volume is set at 7 to 8 million units for the second half of 2026, with the first product cycle potentially reaching 20 million units and contributing approximately $14 billion in revenue solely from the December quarter. The foldable model is expected to carry a starting price of $2,399 (512GB), with every 1% increase in foldable shipment share projected to raise the iPhone average selling price by roughly 1.5 percentage points. The Pro series will experience the steepest price increases: the 256GB iPhone 18 Pro will start at $1,299, an increase of $200 (18%) from the previous generation, while the 256GB Pro Max will start at $1,399, up 17%. It marks the first-time adoption of the 2nm A20 Pro chipset. Leveraging TSMC's 2nm process, which delivers a 10% to 15% performance gain at equivalent power consumption, it supports enhanced on-device AI capabilities and justifies the premium pricing.

Ethereum’s New Proposal: Validators May Need to Contribute Up to 10% of Staking Rewards to Fund the Ecosystem

According to CoinDesk, the Ethereum Research Forum has released a new proposal introducing a “Validator Redirection Yield” mechanism, allowing validators to redirect 0% to 10% of their staking rewards toward funding ecosystem infrastructure and public goods. If a majority of validators support a specific redirection percentage, that percentage will become mandatory for all validators. Based on current staking levels, a 5% to 10% redirection would generate approximately 50,000 to 70,000 ETH annually for the ecosystem—roughly $120 million. The proposal aims to address Ethereum’s long-standing “free-rider” problem; however, it has also raised external concerns regarding risks such as coordinated validator manipulation of fund allocation and misaligned interests between staking operators and ETH holders. The proposal remains under discussion and has not yet entered the formal voting process.