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

Key points

• Apple will commit up to $100 million over three years to Perryman Company for titanium production.
• Duo delivery estimates reached about 14 weeks on the first preorder day, per Morgan Stanley.
• JPMorgan estimates Apple will ship 8 million to 9 million Duo devices this year.

Apple said Tuesday it will commit up to $100 million over the next three years to Perryman Company, based in Houston, Pennsylvania, to produce titanium used in Apple products, including the $1,999 foldable iPhone Duo. The company is also expanding domestic production of camera components for the iPhone 18 Pro.

The 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.

Titanium and camera parts

Perryman will melt, forge and roll grade 5 titanium, which Apple said will contain at least 80% recycled material. Titanium is used for the Duo's enclosure, providing durability, according to Apple.

Apple also said it is expanding its partnership with Delaware-based Qnity Electronics, which will manufacture advanced films used in the variable-aperture camera system on the iPhone 18 Pro. Apple said nearly 100 components used in the Duo and the iPhone 18 Pro are produced by American companies across more than a dozen states.

We're thrilled to expand our work with companies producing advanced materials and components for our newest iPhone lineup right here in America

— Sabih Khan, Apple's operating chief

Supply questions remain

Apple said preorder demand had been "nothing short of extraordinary," but hasn't said whether it plans to increase production. JPMorgan analysts estimate Apple will ship roughly 8 million to 9 million Duo devices this year, below earlier expectations of about 10 million, because of supply constraints. Apple didn't say whether the Perryman agreement would increase near-term capacity.

Apple also highlighted investments with other American Manufacturing Program partners, including Broadcom for U.S.-made chips, Corning for specialty glass and Amkor, which is building a semiconductor packaging and testing facility in Peoria, Arizona.