Apple’s Sapphire Supplier Files For Bankruptcy

[GPRS Internet]

Apple’s sapphire supplier GT Advanced Tech (GTAT) has released a statement announcing that it is filing for bankruptcy under Chapter 11.

Filing for Chapter 11 means the company will be able to continue normal operations until it can resolve issues with creditors. As of September 28th, GTAT had us$85 million in cash.

Details on underlying arrangements are private, but there is a possibility that Apple’s decision not to use sapphire in the new iPhones was one of the factors that caused the company to file for bankruptcy.

http://livejamaicaupdates.com/apple-...or-bankruptcy/

[khat17]

I wonder why all of a sudden? Sapphire is NICE! I'd expect that they'd want people to have that in the phones - prevent broken screens and all that. Anyways - they must know. I'll get a BB Passport later on when the prices come down.

[pezz]

I wonder why all of a sudden? Sapphire is NICE! I'd expect that they'd want people to have that in the phones - prevent broken screens and all that. Anyways - they must know. I'll get a BB Passport later on when the prices come down.

Maybe because gorilla glass seems to be stronger...
And there is no way to prevent a screen from breaking.