Good morning, tech enthusiasts. Apple is planning a major shakeup of its iPhone business — with new models, including a long-rumored foldable iPhone, and a new release timeline designed to keep consumers wanting more.

With sales slowing, AI struggles, and looming Trump tariffs, will a whole new batch of iPhone form factors be enough to drive upgrades?

In today’s tech rundown:

• Apple’s iPhone shakeup, new foldables

• Google’s new TV and film production house

• DoorDash sweeps up Deliveroo and SevenRooms

• Function Health buys MRI scan startup Ezra

• Quick hits on other major news

LATEST DEVELOPMENTS

APPLE

🍏 Apple’s iPhone shakeup, new foldables

Image source: Apple

The Rundown: Apple is reportedly preparing a major overhaul of its flagship iPhone lineup to boost sales with a long-rumored foldable iPhone and a revamped release schedule — also on deck, a foldable iPad.

The details:

• Starting in 2026, Apple will swap how it launches new iPhones, moving away from its long-standing tradition of unveiling all models at once in the fall.

• Only the premium models will debut in the fall of 2026, including the iPhone 18 Pro, iPhone 18 Pro Max, a new ultrathin iPhone 18 Air, and the foldable iPhone.

• The standard iPhone 18 and the more affordable iPhone 18e will be released in the spring of the following year, likely around March 2027.

• An ultrathin iPhone is also expected later this year, with analysts predicting a foldable iPad by late 2026 and Bloomberg saying it could be as late as 2028.

Why it matters: It’s no secret that Apple’s iPhone business — which accounts for half of its revenue — has hit hard times. Whether the new shapes and schedules will boost consumer interest remains to be seen, but with pressures from China and Trump tariffs potentially raising iPhone prices, Apple is hoping for a win.  

GOOGLE

🍿 Google’s new film and TV production house

Image source: Ideogram / The Rundown

The Rundown: Apple has Apple Originals, and now Google wants to make its own mark. The tech giant just launched a film and TV production house dubbed 100 Zeros, with the quiet aim of promoting tech (especially its own) to young audiences.

The details:

• 100 Zeros reportedly plans to produce original content that subtly raises Google’s cool quotient and puts a positive spin on tech in general.

• The project is the result of a multi-year partnership with Range Media Partners, the production company behind films A Complete Unknown and Longlegs.

• Range’s mission is to find and develop projects that Google can help fund or co-produce, while weaving in next-gen tech into storylines.

• But rather than stream on YouTube or Google TV, Google reportedly plans to sell the productions to major streaming platforms and Hollywood studios. 

Why it matters: Instead of relying on product placement alone (as it did with White Lotus), Google aims to promote an overall positive view of tech to young viewers, as a kind of antidote to Black Mirror. In fact, the initiative quietly started last year with Neon’s horror film Cuckoo, which Google helped fund but had no hand in its content.

DOORDASH

🥡 DoorDash sweeps up Deliveroo and SevenRooms

Image source: Ideogram / The Rundown

The Rundown: DoorDash has been on a shopping spree, announcing today two major takeovers: a $3.9B purchase of UK-based food delivery service Deliveroo and a $1.2B acquisition of SevenRooms, a New York-based hospitality tech platform.

The details:

• DoorDash’s $3.9B takeover offer for Deliveroo is set to strengthen its presence in Europe and the Middle East; the deal is expected to close in late 2025.

• The SevenRooms deal will see DoorDash integrate advanced CRM, operations, and guest experience tools into its Commerce Platform.

• In turn, SevenRooms, which serves more than 13K venues globally, will benefit from DoorDash’s scale and resources to accelerate innovation.

• Despite the deals, DoorDash’s Q1 revenue of $3.03B missed Wall Street expectations, leading to a 4% share price drop following the announcements.

Why it matters: DoorDash is leading the pack in the U.S. food delivery market, with 67% of the market share over Uber Eats and Grubhub. These latest deals mark a bold pivot from its food delivery roots to becoming an omnichannel commerce powerhouse, while also expanding into coveted European markets.

FUNCTION HEALTH

🩺 Function Health buys MRI scan startup Ezra

Image source: Function Health

The Rundown: Blood testing startup Function Health just nabbed Ezra, a startup specializing in full-body MRI scanning, for an undisclosed amount and launched a new, 22-minute scan that costs $499.

The details:

• Function Health, backed by prominent American physician Dr. Mark Hyman, will integrate Ezra’s FDA-cleared, AI MRI tech into its preventive health platform.

• Their new full-body scan, priced at $499, marks a significant reduction from Ezra’s previous $1,495 price for a 30-minute scan.

• The scan is designed to screen for cancer and a host of other conditions and will be available through Ezra’s 70-plus locations in the U.S.

• Function Health’s core offering is a $499 annual membership that gives its users access to more than 160 blood tests, with results tracked over time.

Why it matters: The demand for tech-enabled health testing is on the rise, with Function raising $53M as of June 2024 and eying another $200M round at a $2B valuation. Rival Prenuvo also just raised $120M. Still, medical experts are cautious about the risks of overdiagnosis and the psychological impact of elective MRIs.

QUICK HITS

📰 Everything else in tech today

Waymo, Alphabet’s self-driving unit, announced it is building more than 2K I-Pace robotaxis at a new factory in Arizona.

Elon Musk’s SpaceX now has a new city, as Texas residents living near the SpaceX launch and manufacturing complex voted to incorporate their community as Starbase.

Microsoft officially shut down its once-popular video calling service Skype, replacing it with a free-to-use version of Microsoft Teams for consumers.

Meta slashed 2K content moderation jobs in Barcelona, which handled French, Spanish, and Portuguese fact-checking across its social media platforms.

EV maker Rivian is receiving $16M in state incentives to build a new 1.2 million-square-foot supplier park in Normal, Illinois, with Rivian investing $120M.

OpenAI has reportedly agreed to buy AI-assisted coding tool Windsurf (formerly known as Codeium) for about $3B.

TeleMessage, makers of a modified version of Signal that archives messages for the U.S. government, has reportedly been hacked.

Tapple, a popular Japanese dating application, launched a new feature that enables users to verify their unmarried status via government-issued ID cards. 

Google is launching its AI chatbot, Gemini, for children under 13 who have parent-managed Google accounts through Google’s Family Link.

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Rowan, Jennifer, and Joey—The Rundown’s editorial team