Apple's bankrupt sapphire glass supplier plans to shut down its plant

[techbeck]

Apple's sapphire glass supplier has filed for Chapter 11 bankruptcy with plans to shut down two production plants and lay off 890 workers. The supplier, GT Advanced Technologies (GTAT), says that it's burning through an unsustainable amount of money at the Arizona plant it opened with Apple just within the last year. In addition to requesting approval to shut down that plant, GTAT has also asked that a New Hampshire bankruptcy court terminate its agreements with Apple, which it describes in a filing as "oppressive and burdensome." GTAT intends to come out of the bankruptcy by restructuring around its core businesses, including selling sapphire furnaces.

 

More..

http://www.theverge.com/2014/10/10/6960033/apples-sapphire-glass-supplier-bankruptcy-plant-shutdowns-layoffs

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Sad news. Could things have been different if Apple decided to use sapphire glass in some of it's latest products (ie. iPhone 6 and Watch)? Was GTAT expecting high demand from other companies?

[+John Teacake MVC]

I am really surprised one company relied on ONE contract and after they lost it they went TU. 

[Torolol]

so how much this will reduces the iPhone6 prices?

[FloatingFatMan]

so how much this will reduces the iPhone6 prices?

 

By not one single penny.

[Son_Of_Dad]

Sad news. Could things have been different if Apple decided to use sapphire glass in some of it's latest products (ie. iPhone 6 and Watch)? Was GTAT expecting high demand from other companies?

 

I thought they did. So they still use "gorilla glass" on now larger screens when the 5(s) was nowhere near shatter proof