Apple Sapphire Crystal Supplier Files For Bankruptcy

How the hell can you say you have a "sound business model" when something like this happens?

Apple sapphire supplier GT Advanced Tech has today released a statement announcing that it is filing for bankruptcy under Chapter 11. Filing for Chapter 11 means the company will be able to continue normal operations until it can resolve issues with creditors. As of September 28th, GTAT had $85 million in cash.

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