Apple Bets $100 Million on U.S. Titanium Supply for Its Next iPhones

The UK's Competition and Markets Authority proposed that Apple reduce fees and expand access to its NFC technology, enabling rivals to compete with Apple Pay. The CMA argues current restrictions hinder competition, while Apple cites security concerns. Contactless payments account for 39% of UK transactions. The regulator seeks to boost innovation and consumer choice, with Apple defending its existing approach.

UBS forecasts Apple's September-quarter revenue at $112.8B, slightly below consensus, with iPhone revenue growth slowing to 14% YoY. Gross margin is expected to decline to 47.5% due to higher component costs. Services revenue is projected at $31.6B, showing a sequential slowdown. UBS maintains a Neutral rating and $296 price target, citing concerns over sustained outperformance.

Apple AAPL is investing $100 million in U.S. titanium supplier Perryman and camera-component maker Qnity for its next iPhones. This is part of a $600 billion U.S. manufacturing plan. Apple's supply chain includes Broadcom AVGO, Corning GLW, Coherent COHR, and Amkor AMKR. Taiwan Semiconductor TSM will produce chips in Arizona. Apple also opened a manufacturing center in Houston.

Loop Capital downgraded Apple to Hold from Buy, lowering its price target to $330. Analyst Ananda Baruah cut EPS estimates to $11, citing concerns over iPhone demand and rising memory costs. Apple shares trade at 36x earnings, near a 5-year high.

Apple AAPL has added Qnity and Perryman Company as U.S. suppliers for iPhone Duo and iPhone 18 Pro components. Perryman will supply titanium, while Qnity will produce camera system technology. Apple plans to invest $100 million in Perryman over three years. Nearly 100 components in these iPhones are now made by U.S. companies. Apple is also expanding domestic production with a new manufacturing center in Houston.

Apple is investing up to $100 million in U.S. suppliers Perryman and Qnity Electronics for components in the iPhone Duo and iPhone 18 Pro. The move supports Apple's $600 billion commitment to U.S. manufacturing and involves nearly 100 American-made components. Apple aims to create opportunities for smaller manufacturers while raising supplier standards.