The company that dashed our sapphire-covered iPhone dreams is being charged with fraud

In 2014, there was an attitude of making sapphire work for aluminum. It is exceptionally useful, but the machine has turned the hard raw material into a point of sale for the mainstream consumer electronics. Apple has announced a new factory in Arizona. GT Advanced Technologies will lend $ 578 million to produce a massive synthetic sapphire crystal (boule) that is chopped with an incredibly scratch resistant cover for the iPhone 6 screen. 19659002] The iPhone never arrived. GT Advanced ruptured as it attempted to mass produce sapphire glass while filing for bankruptcy in just a few months after starting work at its Arizona plant. And today, the Securities and Exchange Commission (SEC) is learning to trick investors into thinking that there is no problem right before the company's collapse by charging the company and the former CEO for fraud.

In particular, there is no evidence that Apple has unfairly bankruptged GT by adhering to the terms of the contract, as the Sapphire supplier can not produce enough high-quality materials The Wall Street Journal has a report on how Apple's Sapphire effort has been shattered.)


the company that dashed our sapphire covered iphone dreams is being charged with fraud

Broken synthetic Sapphire Boo used as evidence of production problems in GT
Image: Apple By Via WSJ

Samsung does not seem to impose a penalty on GT, and the company has just agreed not to do it again, and its former CEO, Thomas Gutierrez, pays about $ 140,000 According to the Securities and Exchange Commission's (SEC) report, the number of shares that were returned to cash in September 2014, a few weeks before the company filed for bankruptcy,

In the end, Apple's sapphire accidentally prevented the material from appearing on Apple devices, and Apple's high-end models used it as a screen cover,

But it would have been nice to have a sapphire-covered iPhone, because Apple's alternative Corning gorilla glass's scratch resistance was found in the highlands

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