Apple Sapphire Deal with GT to Hit Full Production Beginning in 2H 2014

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Feb 25, 2014.

  1. macrumors bot

    MacRumors

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    GT Advanced Technologies, Apple's partner in a new sapphire plant in Arizona, today announced earnings for the fourth quarter of 2013 while also providing a forward look at what will be a "transformational" year for the company. The company's comments help put into perspective just how large the deal with Apple is, with significant ramping heading into the second half of this year and into 2015.
    As part of the deal with Apple, GT halted sales of its sapphire production furnaces in order to focus on building out capacity for Apple, a move that resulted in a drastic reduction in GT's revenue for the latter half of 2013 and saw the company's full-year revenue drop to $299 million in 2013 from $733.5 million in 2012.

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    GT projects that company revenue will remain low during the first half of 2014 as it continues to ramp up production for Apple, with revenue of just $20-30 million for the first quarter. But the company forecasts a massive increase in revenue for the latter half of the year, which should represent 85% of the company's full-year revenue of $600-800 million. That timing would appear to be in line with an Apple product launch such as an iPhone 6 with sapphire-covered display in the usual September-October timeframe.
    With sapphire estimated to account for 80% of GT's revenue for the year and Apple undoubtedly representing the lion's share of that segment, the deal with Apple could be generating in the range of $400-500 million for GT this year. Looking further ahead, GT sees even more growth with estimates of over $1 billion in total revenue for 2015.

    Apple has been looking to rush its new sapphire plant into production this month to "create a critical new sub-component of Apple Products". Given the number of sapphire furnaces delivered to the facility and on order, the partnership between Apple and GT could be sufficient to produce 100-200 million sapphire-covered iPhone displays per year.

    Article Link: Apple Sapphire Deal with GT to Hit Full Production Beginning in 2H 2014
     
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    keterboy

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  3. macrumors 68000

    AngerDanger

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    Aluminum and saphire—Apple tech is slowly taking the place of jewelry.

    I'm still waiting for the day I can get down on one knee and propose to a woman with an off-contract iPhone… although that probably depends more on the woman. :p
     
  4. macrumors 6502a

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    Will Tim Cook still keep this deal in Arizona if the gay-bashing legislation gets signed by their governor?
     
  5. macrumors regular

    mdridwan47

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    keterboy

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    #6
    I like your idea, creative, just like Apple :)
     
  7. macrumors 65816

    luckydcxx

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    As great as sapphire is for scratch resistance it would be amazing if they could make it thick enough to be shatter proof against drops.

    I don't need the thinnest smartphone in the world again, I need all day battery life with a thick battery and a thick sapphire screen for it not to break.
     
  8. macrumors 6502a

    BornAgainApple

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    Septembersrain

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    I'd marry you. ;-P

    Seriously though, I love technology and would gladly accept devices in all sorts of occasions.
     
  10. macrumors 6502a

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    Water resistance would be cool too! A number of Sony and Samsung handsets are water resistant, but I wonder if Apple is hesitant to set that expectation with customers...

    LiquidMetal would also be awesome, but that's probably not gonna happen til the NEXT hardware revision. :cool:
     
  11. macrumors 6502

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    Isn't Arizona known as the 'crazy' state? Hope this doesn't affect production.

    :eek:
     
  12. macrumors 68040

    Koodauw

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    jayducharme

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    Maybe Steve Jobs was really forward thinking with one of Apple's early ads:

    "Here's to the crazy ones..."

    He was courting Arizona even back then.
     
  14. macrumors 68040

    Gasu E.

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    There must be have been some amazing guarantees from Apple, in order for this company to agree to tear up its current business model.
     
  15. macrumors 6502a

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    Apple's moving to NEXT hardware? That would be a big phone.
    :D
     
  16. macrumors 65816

    TouchMint.com

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    Maybe crazy politics but most people I meet here are from the Midwest (myself being from Iowa).

    Having lived all my life in iowa besides the last 3 year I can say nothing's really different besides the climate.
     
  17. macrumors 6502

    Keniutek

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    #17
    ... or some serious "under the table" money ;)
     
  18. macrumors newbie

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    #18
    You can but the stock is up over 50% already since the first announcements of the Apple partnership. Best to react more quickly and jump on the stocks as early as possible! I put in $10,000 back in December when the rumors first surfaced. :)
     
  19. macrumors 6502a

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    you could always propose with the future iRing.
     
  20. macrumors member

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    So Corning might finally have some competition in the phone/mobile/camera/ sector
     
  21. macrumors 68000

    Cuban Missles

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    #21
    Quite exciting. Sapphire on the camera lens and the home button. And maybe the entire screen. Some rumors even have it on the back side. In a couple of generation maybe they will upgrade to ruby or emerald. :D
     
  22. macrumors 68020

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    #22
    Sapphire is my birthstone. Apple always thinking about me.
     
  23. macrumors 65816

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    #23
    Seriously, what is wrong with Arizona always trying to pass laws that discriminate?

    It's as if they want to surpass Florida on the WTF scale.
     
  24. macrumors 6502a

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    #24
    Sapphire is not shatter proof. I've seen high end watches with sapphire crystals shatter at thicknesses that would be obscene on a phone.

    I would prefer a layered approach to help meet the needs of both scratch and drop resistance.
     
  25. macrumors 68040

    Joined:
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    #25
    so the next revolution phone in september 2014: iPhone 6 - 4.7" display,bezel free,sapphire glass,2000mah battery with up to 30% more usage overall,imba design with 130mmx63mmx7mm
     

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