sapphire glass

Apple Agrees to New $50 Million GT Advanced Settlement Terms

Before the bankruptcy judge's approval of the Apple and GT Advanced settlement, the two have slightly changed the terms. The altered terms bring a $50 million benefit to GT Advanced, allowing the troubled sapphire maker to produce more "near-term cash" and helping it rise out of bankruptcy, Reuters reports. The information comes from an attorney...

GT Advanced CEO Sold Stock a Day Before the Apple Media Event

GT Advanced shares reached their highest level ever at $17.15 per stock on September 8, 2014, just a day before Apple announced the iPhone 6 and iPhone 6 Plus. Since the CEO of the company knew that on September 9 all rumours regarding the sapphire iPhone would be crushed, he took the opportunity and cashed...