Apple will spend up to $100 million over three years on titanium from Perryman Company in Pennsylvania, a deal President Trump praised on Truth Social. The article calls the order very small compared with Apple's capital spending of $9.5 billion to $12.7 billion a year over the last five fiscal years, and says it does not change Apple's dependence on China. Author Patrick McGee says Apple promised in 2016 to invest $275 billion in Chinese factories over five years, a figure he says has not been updated since. Gross margin rose from 41.8% in fiscal 2021 to 46.9% in fiscal 2025, and Apple trades at 38x forward earnings, its highest in five years.
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Related tickers and likely impact
AAPL
• NeutralApple Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 10/30/2026 | 344.63 |
| Change that session | -1.23% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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