Apple has not officially discontinued the titanium model, but speculations suggest that it might happen as the Apple Watch Series 7 is coming this fall.
Counterpoint has produced a bill of materials (BoM) analysis for the Apple Watch Series 6 and has estimated that the cost is just over a third of the official price of the popular smartwatch. The most expensive parts of the 2020 Apple Watch are the processor and memory, with Cupertino cutting costs by removing Force Touch.