Shattered Dream: Apple Supplier Declares Bankruptcy After iPhone 6 Snub




An Apple supplier that has partnered with the company on a sapphire glass plant in Arizona filed for bankruptcy protection on Monday after its sapphire crystal wasn’t used for iPhone 6 and 6 Plus screens.

GT Advanced Technology’s glass is expected to be used in two of the three versions of Apple Watch and it is continuing to operate. However, the company’s stock price has fallen more than 95% over the past month.

The company’s stock was trading at $ 0.80 Monday afternoon. It had been trading at almost $ 20 in July largely on the expectation that GT’s glass would be used in the iPhone 6. Read more…

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