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Apple adds U.S. titanium supplier for iPhone Duo as supply stays tight

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Core Development: Apple adds U.S. titanium supplier for iPhone Duo as supply stays tight
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Market & Financial Impact: Apple is adding a U.S. titanium supplier for its new iPhone Duo and expanding domestic production of camera components for the iPhone 18 Pro.
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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

Apple is adding a U.S. titanium supplier for its new iPhone Duo and expanding domestic production of camera components for the iPhone 18 Pro as part of a push to expand manufacturing in its home country.

The company said Tuesday it will commit up to $100 million over the next three years to Perryman Company, based in Houston, Pennsylvania, for the production of titanium used in Apple products, including the $1,999 foldable Duo.

Since the start of President Donald Trump's second term, Apple has been vocal about its efforts to invest more in the U.S., even as the final assembly of most iPhones remains overseas. In August of last year, Apple launched the American Manufacturing Program (AMP), increasing its plan for domestic spending by $100 billion to a total of $600 billion. Tim Cook, Apple's CEO until last month, appeared at the White House for that announcement, as Trump was pushing the iPhone maker and other tech giants to bolster production in the U.S.

The latest announcement comes as Apple faces severe supply constraints for its first foldable phone, which goes on sale in stores Friday.

Online delivery estimates for some Duo models stretched to roughly 14 weeks on the first day of preorders, according to Morgan Stanley, the longest wait the firm has recorded for a new iPhone in a decade. Apple said Friday that preorder demand had been "nothing short of extraordinary," but hasn't said whether it plans to increase production.

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Official Publisher Attribution: This report is aggregated from CNBC. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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