Screen mass production is supposed to begin in the fourth quarter of this year, so the foldable iPhone can go on sale in 2026.
Apple is investing $500 million in MP Materials, the only fully integrated rare earth mining company currently operating in the United States, as part of a broader effort to strengthen the domestic rare earth supply chain.
Apple and miner MP Materials are joining forces in a $500 million deal to develop a rare earths magnets recycling facility. The agreement is part of Apple's $500 billion pledge to onshore production.
Shares in MP Materials Corp., a rare earth materials company, are surging in premarket trading on Tuesday for the second time in recent days.
Apple Inc (NASDAQ:AAPL, ETR:APC) is reportedly set to invest $500 million in MP Materials, the operator of the only rare earths mine in the United States, according to Fox Business. The announcement follows MP Materials' recent multibillion-dollar agreement with the US government aimed at increasing domestic production of rare earth magnets, crucial for electric vehicles, electronics, and defence applications.
Apple on Tuesday is expected to announce a $500 million commitment to MP Materials , the operator of the only U.S. rare earths mine, Fox Business reported on Tuesday, citing multiple sources familiar with the deal.
Apple (AAPL) reached $208.62 at the closing of the latest trading day, reflecting a -1.2% change compared to its last close.
Apple is reportedly facing pressure to make a major acquisition amid its AI troubles. As Bloomberg News reported Monday (July 14), investors are concerned by a slump in share prices that has wiped out more than $630 billion in Apple's market value this year and frustrated with the company's delays in introducing artificial intelligence (AI) features.
A rising Wall Street chorus believes Apple needs new leadership. Why that's tone deaf.
Even as Apple faces mounting challenges — from AI stumbles to fading product innovation — the 64-year-old chief executive retains firm control.
Apple (AAPL) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The three stocks in this analysis all look a bit mixed at this point in time. This is a market that continues to seem to be able to find some kind of reason to go higher every time it drops.