The sapphire screen of the iPhone 6 was a no-show because its supplier couldn’t deliver at the eleventh hour. But was the deal Apple had with GT Advanced Technologies set up to see the company fail?
GT Advanced’s CEO, Tom Gutierrez, sold millions of dollars worth of shares including some $160,000 worth days before the company’s chapter 11 bankruptcy filing
GT Advanced Technologies shares dipped 90% after filing for Chapter 11 bankruptcy protection due to a multitude of unknown factors, which may include the loss or non-existence of an Apple sapphire display contract.
