3D Systems Stock Rises On Report That Apple Is Testing Using 3D Printers
Portfolio Pulse from Ryan Gustafson
Shares of 3D Systems Corporation (NYSE:DDD) and Apple Inc. (NASDAQ:AAPL) traded higher following a report that Apple is testing the use of 3D printers for device production. The tech giant is reportedly using a 3D printing technique called binder jetting to produce some of its future smartwatches. The process, which has been in development for three years, could streamline Apple's supply chain by reducing material use and saving time.
August 30, 2023 | 7:43 pm
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POSITIVE IMPACT
Apple's stock rose on the news of the company testing 3D printers for device production, which could potentially streamline its supply chain.
The news of Apple testing 3D printers for device production could potentially streamline its supply chain, which would positively impact the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
3D Systems' stock rose on the news of Apple testing 3D printers for device production, which could potentially increase demand for 3D Systems' products.
The news of Apple testing 3D printers for device production could potentially increase demand for 3D Systems' products, which would positively impact the company's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75