3D Systems Corporation (NYSE:DDD) shares traded higher Wednesday, alongside shares of 3D printing stocks, in reaction to a report suggesting Apple (NASDAQ:AAPL) is testing using 3D printers to make devices.
What To Know: According to a Bloomberg report, Apple is testing the use of a 3D printing technique called binder jetting to produce some of its future smartwatches. By using 3D printers to create the steel chassis for the watches, Apple can avoid cutting the large slabs of metal into the required shape, saving the company time, reducing the amount of material, and ultimately streamlining the supply chain.
The technique has been in the works for at least three years, recently being tested on steel cases for the Apple Watch Series 9 over the past few months.
While the 3D-printing work is in its early stages, and the cost of transitioning to 3D-printed watch cases is expensive, there are plans to broaden the process to other products over the next few years if the testing is successful.
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DDD, AAPL Price Action: Shares of DDD were up 2.04% at $6.26 while shares of AAPL were up 1.85% at $187.52 at the time of publication, according to Benzinga Pro.
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