GT Advanced Technologies, Apple's Sapphire Glass Supplier Files For Bankruptcy

[qwertywarrior]

http://www.nextpowerup.com/news/14028/gt-advanced-technologies-sapphire-glass-supplier-files-for-bankruptcy.html

 

 

umm .... odd

 

One of Apple's primary suppliers of Sapphire Glass, GT Advanced Technologies, filed for bankruptcy today. Last year, GTAT had entered a $578 million multiyear deal with Apple to supply Sapphire Glass for the iPhone 6. Of course, as we now know, that never materialized. The new iPhone 6 and iPhone 6 Plus don't make use of Sapphire Glass.

GTAT's chapter 11 filing states that the company will restructure itself and continue to function normally, instead of closing shop altogether. Their deal with Apple is to begin supplying sapphire glass from 2015, in exchange for the massive investment made by the Cupertino company.

 

 

UPDATE

 

Shareholders in GT Advanced Technologies GTAT -90.77% took a massive hit Monday as the manufacturer of sapphire glass used in certain Apple AAPL +0.24% products filed for Chapter 11 bankruptcy, sending stock prices plummeting more than 90%.

[Altecice]

Surprised Apple hasn't bought them to secure exclusiveness of sapphire glass of their devices. (or maybe they will?)

[qwertywarrior]

Update

[Fate]

rip reckful, he lost $123k

[Techhog]

Surprised Apple hasn't bought them to secure exclusiveness of sapphire glass of their devices. (or maybe they will?)

Nah, they'll just patent use of sapphire glass because Apple logic.

[Snickerzz]

so did they go bankrupt because apple didnt use them or did apple not use them because they were going bankrupt?

[Builder]

Nah, they'll just patent use of sapphire glass because Apple logic.

That's just a new level of stupid...

[Techhog]

That's just a new level of stupid...

You need a sense of humor.

[qwertywarrior]

You need a sense of humor.

he cant have one

he sold his soul to Apple

[Builder]

You need a sense of humor.

You need to make better jokes.

 

he cant have one

he sold his soul to Apple

Mhm.

[Techhog]

You need to make better jokes.

 

Mhm.

Okay then. What's the difference between a piano and a tuna?

 

One is an instrument, but the other is an aquatic animal.

[Builder]

Okay then. What's the difference between a piano and a tuna?

 

One is an instrument, but the other is an aquatic animal.

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