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Report details the fall of GT Advanced in Apple's quest for sapphire
Apple's partnership with GT Advanced Technologies was a marriage that seemed to have been made in tech heaven. Apple, consumer of a quarter of the world's sapphire just for the iPhone's camera lens and Touch ID fingerprint cover, wanted more of the scratch resistant material to cover its smartphones and GTAT wanted to grow and transition away from the money-losing solar panel business. Tempted, GTAT signed a deal with Apple and eventually found itself bankrupt, dishing the dirty laundry of the supplier relationship with Apple in the process.
Full story from the iMore Blog...
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