GT Advanced is brought to Apple


The saga of sapphire crystal in the new iPhone ended unexpectedly. Despite this, the eighth generation of iPhones has got quite a common place, though rounded, Glass Gorilla Glass. Answer to this puzzle was not until the industry is not unexpected news shocked: GT Advanced, a major supplier of glass for Apple, quickly went bankrupt.

After an investigation it is conducted and found that at GT Advanced serious conflict with Apple. Its details are still shrouded in mystery, but the result speaks for itself. The total amount of infusion Apple had to make 578 million dollars and 439 million.

At some point, GT Advanced famously spent as much as $ 248 million, which resulted in one of their quarterly reports. Most likely, this money amounted to the main stage of the innovation of manufacturing lines sapphire glass. Of course, Apple is not involved in charity work. Investments had to get plants GT Advanced to a specific rate of production of sapphire components. Apparently, this did not happen, it is decided to immediately withdraw from the project due to non-compliance with the agreements.

In a statement, GT Advanced stated that the company's capital at the time of bankruptcy was $ 85 million. This amount goes against the agreement with Apple, according to which the disposal of the manufacturer shall be not less than 125 million dollars. Otherwise, Apple may require full compensation for debt - most of those 440 million. In this scenario, it becomes clear why the leadership sharply turned to bankruptcy. Apple has decided to tighten the screws; the final payment has not come, and GT Advanced, put the whole business on the map of this partnership, simply left out.


Hence the lack of sapphire crystal came in the new iPhone. This situation may also cause the delay release of Apple Watch on sale. It is a pity that there is no specific information - for example, that it did not like Apple's products GT Advanced. Who will be doing the sapphire glass for branded watches? Let's see whether the items will emerge in the coming weeks.

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