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Apple internally prototyped and tested a specialized Apple Pencil designed for its upcoming foldable iPhone, but the accessory is unlikely to actually reach the market when the device launches next month, according to a new report from Bloomberg’s Mark Gurman.

Gurman detailed the findings in his “Power On” newsletter Sunday, writing that Apple “internally prototyped, tested and considered launching an Apple Pencil for the upcoming foldable iPhone.” According to his reporting, the stylus Apple tested was noticeably shorter and stubbier than existing Apple Pencil models designed for the iPad, a design choice intended to align with the compact height of the foldable device. The prototype was engineered to attach magnetically to the side of the phone for both storage and charging, mirroring how current Apple Pencil models work with supported iPad devices.

Despite the extent of the internal development work, Gurman said he believes it is unlikely Apple will actually bring the accessory to market alongside the foldable iPhone’s expected debut. “It seems unlikely that Apple will actually launch this accessory when it rolls out the foldable iPhone next month,” Gurman wrote, according to a summary of his newsletter published by Cult of Mac.

Multiple outlets covering the report pointed to the same core reason for the accessory’s likely cancellation: the risk that a stylus could damage the foldable device’s more delicate screen. Foldable displays rely on flexible, layered materials that are inherently softer and more fragile than the glass panels used on conventional iPhones, and Apple’s internal testing reportedly found that firm stylus pressure, of the kind commonly applied while writing or drawing, could risk causing lasting damage to the screen’s surface.

Space constraints also appear to have played a role in the decision. Enabling active stylus support typically requires an additional digitizer layer positioned beneath the display to detect the Pencil’s input, hardware that takes up valuable internal space inside a device that already needs to accommodate a large foldable display, batteries and other components within an unusually thin chassis. Reports have suggested Apple’s foldable iPhone, expected to be named either the iPhone Fold or iPhone Ultra, will measure roughly 4.5 millimeters thick when unfolded, making it thinner than Apple’s current 5.1-millimeter iPad Pro, itself the thinnest device the company has ever produced.

Apple’s broader stylus strategy on the foldable device also reportedly ran into design compromises beyond just the screen risk. According to a report from Techgenyz, the tested prototype’s magnetic side-attachment mechanism, while convenient for storage and wireless charging, made it more difficult to physically open the folded device while the stylus remained attached, an ergonomic tradeoff that appears to have factored into Apple’s broader hesitation to move forward with the accessory.

Apple’s history with styluses carries some notable irony given the company’s own founding philosophy on the subject. Steve Jobs famously mocked the concept of smartphone styluses during the original iPhone’s 2007 unveiling, saying at the time, “If you see a stylus, they blew it.” Apple nonetheless went on to introduce the Apple Pencil for the iPad in 2015, a product that has since become a well-established and popular accessory within Apple’s broader tablet lineup, even as the company has never extended stylus support to any standard iPhone model.

The broader foldable phone industry has taken an inconsistent approach to stylus support. Samsung offered S Pen compatibility across its Galaxy Z Fold lineup beginning with the Z Fold 3 in 2021, but the company dropped that support entirely with the Galaxy Z Fold 7, removing the internal digitizer layer needed to detect stylus input in order to make the device thinner and more durable. Google has similarly shown no interest in adding stylus support to its Pixel Fold devices, and book-style foldables from manufacturers including OnePlus and Huawei have not offered official stylus accessories either. Oppo remains something of an exception within the industry, having built limited stylus support into its Find N series since the Find N2, though availability has remained restricted to certain regional markets.

Apple’s foldable iPhone is widely expected to be unveiled at the company’s Sept. 9 event in Cupertino, California, alongside the iPhone 18 Pro and iPhone 18 Pro Max. Global foldable smartphone shipments are projected to grow roughly 20% in 2026 compared with the prior year, according to industry data cited by research firm DigiTimes, with Apple’s long-anticipated entry into the category cited as one of the key factors expected to drive that growth, regardless of whether the device ultimately ships with any form of stylus support at launch.

Operator

Hello, and welcome to MongoDB’s Second Quarter Fiscal ’27 Earnings Call. [Operator Instructions]

I would now like to hand the conference over to Jess Lubert, Vice President of Investor Relations. You may begin.

Jess Lubert
Vice President of Investor Relations

Thank you, operator. Good afternoon, and thank you for joining us today to review MongoDB’s Second Quarter Fiscal 2027 Financial Results, which we announced in our press release issued after the close of market today. Joining me on the call today are CJ Desai, President and CEO of MongoDB; and Mike Berry, CFO of MongoDB.

During this call, we will make forward-looking statements, including statements related to our market and future growth opportunities, our opportunity to win new business, our expectations regarding Atlas assumption growth, the impact of EA and other business and multiyear license revenue and the long-term opportunity of AI, our financial guidance and underlying assumptions, including expectations regarding profitability and operating margin and our investments in growth opportunities in AI.

These statements are subject to a variety of risks and uncertainties, including the results of operations and financial conditions that could cause actual results to differ materially from our expectations. For a discussion

A California airport is considering a major policy shift that would allow non-ticketed visitors to undergo TSA screening and enter secure areas and greet arriving passengers or say goodbye to departing loved ones at the gate.

Fresno Yosemite International Airport’s potential change would bring back the emotional send-offs and gate-side reunions that were common before the Sept. 11, 2001, terrorist attacks led to heightened airport security measures.

Under the post-9/11 policies, access beyond airport security checkpoints was generally limited to ticketed travelers, although airlines could issue gate passes in certain circumstances.

But the aviation director for the City of Fresno, Mark Thorpe, explore a program that would allow loved ones to experience emotional hellos and goodbyes.

AIRPORTS ALLOW NON-TRAVELING PUBLIC PAST SECURITY FOR FIRST TIME IN DECADES

Fresno Yosemite International Airport is considering a major policy shift that would allow non-ticketed visitors to greet arriving passengers or say goodbye to departing loved ones at the gate. (Adam Gray/Bloomberg via Getty Images / Getty Images)

“Whether it’s a family welcoming someone home who’s been gone for a long time, getting dinner at the airport or holding a business meeting, an airport can help create all these different experiences for people,” Thorpe told the Fresno Bee.

Thorpe said that the change could elevate the passenger experience and remind the community that an airport is a “unique place.” He said expanding access past TSA checkpoints would allow visitors to dine and shop alongside arriving and departing travelers, generating revenue for the airport while at the same time giving loved ones extra time together before flights.

“It creates a love and kind of a connection with that airport. And maybe, it means they want to fly out of here more,” he said.

The potential change would bring back the emotional send-offs and gate-side reunions that were common before Sept. 11, 2001. (Getty Images / Getty Images)

Flooding terminals with non-ticketed guests could potentially impact TSA staffing, add to security checkpoint wait times and clog up seating at terminal gates.

Any program would also be subject to TSA approval, security screening and limits imposed by the airport.

While Thorpe is excited about the possibility of expanding airport access to non-ticketed visitors, he acknowledges that security remains a top priority.

“Safety and security — nothing comes before that. There are other exciting things at the airport … But our core responsibility is that safety and security element,” Thorpe said.

LAWMAKERS SEEK PROBE AFTER AIRLINES’ PASSENGER RECORDS ALLEGEDLY SHARED WITH FEDERAL AGENCIES WITHOUT WARRANTS

Under the post-9/11 policies, access beyond airport security checkpoints was generally limited to ticketed travelers, although airlines could issue gate passes in certain circumstances. (REUTERS/Alyssa Pointer / Reuters Photos)

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If the change is adopted in Fresno, it would join six other California airports that have already introduced programs allowing approved non-ticketed visitors beyond security checkpoints.

Other Golden State airports with expanded access are Oakland San Francisco Bay Airport, San Francisco International Airport, Ontario International Airport, San Diego International Airport and Palm Springs International Airport, and John Wayne Airport, making it the state with the most airports with such programs.

More than 20 airports across the country allow non-ticketed visitors to receive a guest pass to move through airport security and into the terminal at no charge, with Pittsburgh International Airport the first major U.S. airport to enact the policy in 2017.

Users of privacy-focused email service ProtonMail began reporting access problems again Tuesday, according to outage-tracking service Downdetector, marking the latest in a string of disruptions that has hit the Swiss company over the past week, including a major outage caused by a data center cooling failure in Germany.

Downdetector posted on X shortly after Tuesday’s reports began surfacing. “User reports indicate problems with ProtonMail since 9:24 AM EDT,” the account wrote, asking affected users to describe how the disruption was impacting them under the hashtag #ProtonmailDown. Separate outage-tracking service StatusGator recorded a similar incident later Tuesday, logging a five-minute disruption beginning around 12:24 p.m. Eastern time tied to an internal server error that prevented users from accessing the service, an issue the company officially acknowledged roughly 16 minutes after it began. Proton’s own status page separately confirmed at 12:37 p.m. Eastern time that a small number of users were experiencing access issues, writing that its team was investigating and would share updates as they became available.

Tuesday’s reports add to what has become an unusually turbulent stretch for the encrypted email provider. According to StatusGator’s incident tracking, ProtonMail experienced a separate two-hour, 44-minute outage Sunday evening that left users unable to access mail or calendar features, an issue that, like Tuesday’s disruption, was never officially acknowledged by the company through its public status channels.

The most significant recent incident occurred Aug. 27, when Proton confirmed a critical cooling failure at one of its data centers in Frankfurt, Germany, took the service offline, according to reporting from Data Center Dynamics. Proton’s team wrote in an update at the time that the outage had been largely resolved, though some users continued experiencing delays in email delivery, reception and notifications as engineers worked to clear remaining issues. The company said no user data was lost as a result of the incident, and Proton CEO Andy Yen later acknowledged the severity of the company’s response, saying “we fucked up” regarding the slow failover process that extended the outage’s impact, according to Data Center Dynamics’ reporting.

The Frankfurt outage was notable in part because of Proton’s broader infrastructure history. The company, which markets itself heavily on end-to-end encryption and user privacy, previously hosted its infrastructure inside a former K7 military bunker located under roughly 1,000 meters of granite in Attinghausen, Switzerland, and has also operated data center infrastructure from a site in Lausanne, Switzerland, reflecting the company’s emphasis on physically secure hosting locations even as it has expanded its infrastructure footprint into other European data centers, including the affected Frankfurt facility.

Despite the recent pattern of disruptions, not every monitoring service showed evidence of a major ongoing problem as of Tuesday. Outage tracker Entireweb reported that ProtonMail was “operating normally” as of Tuesday, noting only four total user reports over the preceding 24-hour period, with just one submitted within the final hour before its status check, a discrepancy that illustrates how quickly outage-reporting metrics can shift and how different monitoring platforms can produce varying pictures of the same service’s health depending on their underlying data sources and update frequency.

ProtonMail, founded in 2014 and based in Switzerland, has built its reputation around strong privacy protections, including a policy of not tracking, logging or sharing users’ personal information, positioning itself as an alternative for individuals and organizations concerned about surveillance, hacking or general data security. The company’s broader Proton ecosystem includes additional privacy-focused products such as Proton VPN, Proton Drive and Proton Calendar, several of which have also experienced intermittent service issues in recent weeks alongside the email platform.

As of this report, Proton had not issued a comprehensive public statement addressing the full scope, cause or resolution timeline for Tuesday’s reported ProtonMail disruption specifically. Affected users have been encouraged to monitor Proton’s official status page directly at status.proton.me for the most accurate and up-to-date information regarding the service’s operational status.

CUPERTINO, Calif. — John Ternus formally became Apple’s chief executive officer Tuesday, taking over from Tim Cook in the company’s most significant leadership transition in more than a decade as Apple heads into a pivotal product launch and an intensifying race in artificial intelligence.

Cook’s final day as CEO was Monday, closing out a tenure that began in August 2011 when he succeeded Apple co-founder Steve Jobs. Cook posted a farewell message to the Apple community on X, writing, “Sending lots of love to the Apple community on my last day as CEO. My title changes tomorrow, but the love I have for the Apple community never will.” As of Tuesday, Cook transitions into the role of executive chairman of Apple’s board of directors, a position in which he is expected to continue assisting the company with certain responsibilities, including engagement with policymakers around the world.

Apple first announced the transition plan in April, saying the change had been approved unanimously by the company’s board of directors following what Apple described as a thoughtful, long-term succession planning process. In the company’s original announcement, Cook reflected on his time leading Apple. “It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company,” Cook said at the time. “I love Apple with all of my being, and I am so grateful to have had the opportunity to work with a team of such ingenious, innovative, creative, and deeply caring people.”

Board chairman Arthur Levinson praised Cook’s tenure in the same announcement, crediting him with transforming Apple into what Levinson called the world’s best company. “Tim’s unprecedented and outstanding leadership has transformed Apple into the world’s best company. He’s introduced groundbreaking products and services time and again, and his integrity and values are infused into everything Apple does,” Levinson said. “On behalf of the entire board of directors, we are incredibly grateful for his countless contributions to Apple and the world, and we are thrilled he will now be executive chairman.”

Ternus, 51, joined Apple in 2001 and has spent nearly a quarter-century at the company, most recently serving as senior vice president of hardware engineering since 2021. He also joins Apple’s board of directors effective Tuesday. According to Apple’s own regulatory disclosures, the board believes Ternus’s deep technical background and product focus make him well-suited to lead the company through its next chapter. Levinson said the board views Ternus as the right leader to build on Cook’s foundation. “We believe John is the best possible leader to succeed Tim and as he transitions to CEO we know his love of Apple, his leadership, deep technical knowledge, and relentless focus on creating great products will help,” Levinson said in April’s announcement.

Ternus’s path to Apple’s top job traces back to the University of Pennsylvania, where he earned a bachelor’s degree in mechanical engineering in 1997 while also competing as a swimmer. At 51, he becomes CEO at roughly the same age Cook was when he took over from Jobs in 2011, a similarity that industry observers, including reporting from Fortune, have suggested may have factored into the board’s preference for a leader capable of providing long-term stability at the helm.

Ternus’s rise within Apple has followed a gradual, closely watched trajectory in recent years. Bloomberg’s Mark Gurman reported as early as 2021 that Ternus was viewed as a likely eventual successor to Cook, and subsequent reporting throughout 2025 and early 2026 described Apple’s public relations efforts increasingly placing Ternus in more prominent, public-facing roles, including product launch events and store visits. Late last year, oversight of Apple’s design teams was also transferred to Ternus, a responsibility historically held by only a small handful of top Apple executives, including Cook himself from 2015 to 2017, longtime design chief Jony Ive until 2019, and former Chief Operating Officer Jeff Williams from 2019 until his departure from the company in 2025.

Cook’s 15-year tenure as CEO encompassed a substantial expansion of Apple’s product and services portfolio, including the introduction of the Apple Watch, AirPods, Apple Pay and Apple Vision Pro, along with the Mac’s multiyear transition away from Intel processors to Apple’s own custom silicon. Cook also steered Apple deeper into recurring subscription revenue, overseeing dramatic growth in the App Store alongside the launches of Apple Music, Apple TV and expanded Apple Maps functionality. Under his leadership, Apple’s market capitalization grew from roughly 350 billion dollars to more than 4 trillion dollars.

Ternus takes over at a consequential moment for Apple. His first major public moment as CEO is expected to come just over a week from now, at Apple’s Sept. 9 “Surprise and Shine” event in Cupertino, where the company is widely expected to unveil the iPhone 18 Pro, iPhone 18 Pro Max and its first foldable iPhone. Analysts covering the transition, including those cited by financial research firm TradingKey, have said Ternus’s central challenge will be translating Apple’s hardware strengths into a meaningful competitive position as the broader technology industry increasingly competes on artificial intelligence capabilities, an area where some analysts have said Apple has appeared to lag behind rivals in recent product cycles.

AUSTIN, Texas — Tesla Inc. shares fell about 2.6 percent Tuesday morning, trading near $358.28, as investors locked in August gains ahead of a Cybercab event scheduled for Thursday at the company’s Texas headquarters.

The stock was down $9.67 from the prior close. The auto-parts group was also weaker, while Ford and General Motors traded slightly higher. Tesla had climbed through August on delivery optimism and autonomy headlines. Short-term momentum readings had moved into overbought territory, and the pullback fit a familiar pattern: sell into a binary product day.

Tesla has invited Robotaxi app users to the Sept. 3 Cybercab launch in Austin. State records show the company registered 45 Cybercabs with the Texas Department of Motor Vehicles on Aug. 31, a step toward commercial use on Texas roads. Robotaxi service already runs 6 a.m. to 10 p.m., seven days a week, in Austin, Dallas, Houston, Miami, Orlando and Tampa. Nevada regulators this month also approved Las Vegas permits for Tesla, Uber and Waymo.

Those milestones have not settled the debate over when unsupervised robotaxi miles become material revenue. Management has emphasized Full Self-Driving software — including a coming v15 build and pothole-avoidance work — over a rapid city-count expansion. Capital spending is expected to exceed $25 billion in 2026 and rise for two or three more years to fund Optimus robots, a robotaxi fleet, solar manufacturing, AI compute and other plants, Chief Financial Officer Vaibhav Taneja said on the last earnings call.

Chief Executive Elon Musk spent the weekend tying Tesla to power for data centers. In a post on X he said Tesla and SpaceX were “each building 100 gigawatts per year of solar production capacity as fast as possible,” a build that would take years. Natural gas would fill the gap, he said, and in-house turbine-blade casting at SpaceX could speed gas turbines by as much as 18 months. The stock jumped Monday on that message. Tuesday’s decline gave some of that move back.

The valuation remains stretched versus near-term auto profits. Tesla trades at a high multiple of next year’s estimated earnings. Wall Street has cut 2026 and 2027 net-income forecasts this year while lifting capital-expenditure estimates. Visible Alpha consensus figures compiled in August showed 2026 net income estimates down to about $3.5 billion from $4.4 billion three months earlier, with 2026 capex near $25 billion and free cash flow still deeply negative.

Vehicle demand is the other weight. Tesla lost the global battery-electric sales crown to BYD in 2025. U.S. federal EV tax credits expired, producing a pull-forward and then a hangover. China and Europe have been soft in recent monthly tallies. Cybertruck prices were raised on some trims in late August even as that model has struggled to become a volume product. Model S and Model X production has been wound down so Fremont capacity can shift toward Optimus.

Tesla said last week that Optimus production had started in Fremont. Musk has long argued humanoid robots and autonomy will dwarf the car business. Investors have learned to treat those timelines as elastic. The Cybercab event is the next test of whether hardware, software and regulation are lining up — or whether the day is another prototype showcase.

Tuesday’s tape looked more like risk reduction than a change in the long-term story. Institutions that added during the August run had a reason to lighten up two days before a staged reveal. High capex, delayed robotaxi profit and rich multiples leave little room if the event underwhelms. A clean demo and a firmer commercial calendar could just as easily refill the bid.

Tesla’s market value still sits in the low-to-mid trillions at these prices, far above traditional automakers. That premium is the autonomy and robotics option. It is also why a 3 percent down day before a product event is ordinary. The cars still have to sell. The software still has to drive. The robots still have to ship. Thursday is one more checkpoint, not the destination.

Shares of Amazon.com Inc. fell more than 2% Tuesday, tracking a broader pullback across major U.S. stock indexes as Wall Street opened September on a cautious note amid renewed fighting in the Strait of Hormuz and rising Treasury yields.

Amazon stock traded at 254.38 dollars, down 5.39 dollars, or 2.07%, as of 10:29 a.m. Eastern time on the Nasdaq. The decline came alongside a broader retreat in equities Tuesday, with the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all trading lower as investors weighed renewed geopolitical uncertainty, a continued climb in bond yields, and lingering questions about the Federal Reserve’s next policy move.

The renewed selling followed overnight developments in the Middle East, where two oil tankers, one Saudi-owned and one South Korean-owned, were struck by projectiles Monday night as the United States and Iran resumed hostilities in the Strait of Hormuz, extending a six-month war that has largely settled into what analysts have described as a stalemate. The 10-year Treasury yield climbed to 4.78% Tuesday, its highest intraday level since January 2025, according to Yahoo Finance, as elevated oil prices stoked inflation concerns and reinforced expectations of another possible Federal Reserve interest rate increase later this month.

Amazon’s decline Tuesday adds to a broader stretch of underperformance for the stock so far in 2026. Shares are down roughly 7% year to date, a steeper decline than most of its Magnificent Seven peers, trailing only Tesla, down about 16%, and Microsoft, down roughly 10%, among the group’s worst performers this year, according to an analysis published by Yahoo Finance. Amazon’s weaker performance has been attributed to a combination of factors, including the company losing cloud computing market share relative to rivals Microsoft Azure and Google Cloud, tariff pressure on its e-commerce operations, and investor unease over the scale of Amazon’s spending on artificial intelligence infrastructure.

That AI spending has remained a central point of tension for investors throughout the year. Amazon has set a 2026 capital expenditure budget of roughly 200 billion dollars, a record for the company and about 50% higher than the prior year, with the bulk of that spending directed toward AI infrastructure. Amazon Chief Executive Officer Andy Jassy has defended the scale of that investment, saying he expects the company to generate “strong long-term returns on invested capital” as a result of surging demand for its AI offerings, even as some investors have questioned whether the spending pace is outrunning the near-term returns the company has been able to demonstrate.

Despite the stock’s underperformance this year, some analysts have continued to argue the pullback represents an attractive entry point rather than a sign of deeper trouble. Amazon currently trades at roughly 29 times trailing earnings and 26 times forward earnings, according to Yahoo Finance, valuation levels close to the broader S&P 500 average despite Amazon’s position as a market leader in both e-commerce and cloud computing. Wedbush has separately argued the stock could still break out in 2026, citing continued strength in Amazon’s automation efforts, advertising business and an expected reacceleration at Amazon Web Services.

Wall Street’s overall consensus rating on Amazon has remained largely positive despite the stock’s struggles. Barchart reported in June that the average analyst price target on Amazon stood at 316.04 dollars, implying meaningful upside from the stock’s trading levels at the time, with a consensus “Strong Buy” rating attached to the shares.

Tuesday’s decline unfolded against a broader market backdrop investors have described as entering a historically difficult period. According to Carson Group chief market strategist Ryan Detrick, September is statistically the weakest month of the year for U.S. equities, a seasonal pattern that, combined with this week’s renewed geopolitical tensions and rising bond yields, has contributed to a more cautious tone across markets as trading resumed following the Labor Day holiday period.