$155B in the bank. They'll be fine.
But what are the "S"s in the iPhone 6S and 6S Plus going to stand for now since Sapphire is now looking unlikely. 3GSpeed, 4Siri, 5Security, 6S?
Of course they'll be 'fine', but someone, somewhere at Apple will have to account for the loss.
is this good news or bad news for GTAT? I can't tell...
"SOME of the proceeds"? So Apple will lose money on this? Sounds like they got the short end of the stick.
It's interesting that Apple appears to be abandoning sapphire for now. Corning must be pleased. Maybe Samsung will buy the furnaces.![]()
Under the terms of the deal, GT Advanced will sell off more than 2,000 sapphire furnaces, with some of the proceeds going to Apple as repayment for the $440 million loan the company gave GT to purchase the sapphire equipment.
But what are the "S"s in the iPhone 6S and 6S Plus going to stand for now since Sapphire is now looking unlikely. 3GSpeed, 4Siri, 5Security, 6S?
How much does a furnace cost!?
Apple had the option of taking the furnaces, I believe, but has chosen to let GT Advanced sell them. This seems to suggest Apple has no desire to attempt to take over GT's sapphire operation.
But what are the "S"s in the iPhone 6S and 6S Plus going to stand for now since Sapphire is now looking unlikely. 3GSpeed, 4Siri, 5Security, 6S?
But what are the "S"s in the iPhone 6S and 6S Plus going to stand for now since Sapphire is now looking unlikely. 3GSpeed, 4Siri, 5Security, 6S?