Apple and GT Advanced have agreed to a divorce. GT Advanced lawyer Luc Despins calls it an "amicable parting of the ways." Both companies are closing up the Mesa factory, which had been designed to churn out sapphire crystal. This material would have ultimately been used to make sapphire displays for Apple's iPhones and iPads. GT Advanced failed to hit a specific milestone, which allowed Apple to hold back a $139 million payment. As a result, GT Advanced's cash level fell under a certain amount that could have allowed Apple to demand immediate repayment of the $440 million it previously loaned ...from PhoneArena http://ift.tt/1Dz9t4i
via http://ift.tt/1Dz9t4i
Blogger Comment