This does explain how they went from having a lot of free cash 2 months ago to not have enough yesterday. I wonder what this means for Apple's future use? I.e. do they intend to source sapphire for the Watch from someone else, or are they just looking to protect their position by calling the loan early and letting the company restructure under Chapter 11. You'd think that if Apple intended to expand their relationship they'd have extended the loan.
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Apple Withheld $139 Million Payment from GT Advanced Ahead of Bankruptcy Filing
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This will eventually be a classic "case study" in a management class of what happens when you take big risks and put all your eggs in one basket. Oops. Another case study in contract law about the T&C's and out-clauses. Another Oops.
I doubt they will emerge from BK. Even if they do, they will be slaughtered with the lawsuits that will follow.
I doubt they will emerge from BK. Even if they do, they will be slaughtered with the lawsuits that will follow.
And there it is. We had to wait until page 2? Back in the day we could get a solid troll in the first couple comments.
Duh, using miners is 20th century tech. Apple is using a massive herd of repurposed truffle pigs to sniff out the sapphires...
Best comment in days! Glad I wasn't drinking coffee when I read this.
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This is what happens when Apple tries to be nice and brings production back to the States. If this venture was done in China we would have sapphire in the new iPhones and Apple Watches no problem. Mac Pro supplies were tight for how long? Just face it, manufacturing in the States is not a sound business decision.
How is it poisonous? This is business: you promise results and fail, your partners don't pay you. They should have had a contingency plan.
A simple case of a company not meeting its specified targets to secure its funding. Nothing more to see here.
I think it's pretty obvious that Apple struck a deal with SpaceX to capture sapphire-rich asteroids, bring them into Earth orbit, launch the truffle pigs into space as astronaut miners, and then ship the sapphire back down to Earth on a space elevator.
PIIIIIIGS IIIIIIN SPAAAAAAAACE!!!!
PIIIIIIGS IIIIIIN SPAAAAAAAACE!!!!
Why buy an unprofitable company? I doubt Apple could do better than them. They already had the infrastructure in place.
Thanks for the link to the video, as it cleared up some of my questions about the process.
Speaking of clear - that 240p, ouch.
It is not poisonous, you have got to deliver! If Apple had relied on them for the iPhone 6 / iPhone 6 Plus supply chain and they could not deliver, the debacle would have reached epic proportions! I can see so many complainers and whiners, Wall Street Analysts, Journalist, Bloggers, and Investors losing their minds! Samesung would be ready to pounce!
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So is this synthetic sapphire similar to the cubic zirconia process for diamonds?
We can manufacture Sapphire.
Man can even synthetically make diamonds that are indistinguishable from the "real" thing....
This was GT advanced pipe or should I say "Furnace"
dream
https://www.youtube.com/watch?v=H-x7XMPaWIE
dream
https://www.youtube.com/watch?v=H-x7XMPaWIE
Consumers are the ones who lost out. We have to wait another year or more now to experience a superior screen.
If a certain man was still alive he wouldn't have let them fail this close to launch. His no nonsense ideals and no excuses for failure business model is continuing being watered down until there will be nothing left.
If a certain man was still alive he wouldn't have let them fail this close to launch. His no nonsense ideals and no excuses for failure business model is continuing being watered down until there will be nothing left.
And read the article.
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They did have the results it was Apple who wasn't ready.