AAPL · News · 20261106N

Customer Dynamics and Supplier Wins

Apple Inc. · 2026-11-06 · Importance 31 · Surprise 42

MP Materials reported that its Magnetics segment had completed qualification and expected to begin shipping saleable magnets to Apple in 2027. The report also said customer demand for the company’s planned 10X magnetics facility exceeded its planned capacity, although it did not specify how much of that demand came from Apple. This is a reported prospective supply relationship; the article provided no Apple order volume or contract value.

Key facts

• MP Materials said Apple deliveries of its saleable magnets will start in 2027. source
• Apple's modem shipments to Qualcomm were described as undergoing an ongoing reduction. source