Apple Adds $100 Million U.S. Titanium Deal for iPhone Duo as 14-Week Waits Stretch
Updated
Updated · CNBC · Oct 20
Apple Adds $100 Million U.S. Titanium Deal for iPhone Duo as 14-Week Waits Stretch
3 articles · Updated · CNBC · Oct 20
Summary
$100 million over three years will go to Pennsylvania-based Perryman to supply titanium for Apple products including the $1,999 iPhone Duo, while Apple also broadened U.S. camera-component production for the iPhone 18 Pro.
The move comes as Apple's first foldable phone faces severe supply constraints: some Duo models showed roughly 14-week delivery estimates on day one of preorders, Morgan Stanley's longest wait for a new iPhone in a decade.
JPMorgan now expects 8 million to 9 million Duo shipments this year, down from about 10 million previously, and Apple did not say whether the Perryman agreement will lift near-term output.
Apple cast the supplier additions as part of its U.S. manufacturing push under its American Manufacturing Program, which it raised last year to $600 billion in planned domestic spending.