GT Advanced is the company that Apple Lossless Audio CODEC (ALAC), he chose it to collaborate in order to manufacture of sapphire glass for iPhone, iPad and iPod Touch, they building a factory together in Arizona during the last year. Shortly after the publication of the first details regarding the collaboration between the two companies, the CEO of al GT Advanced he took advantage of the rapid doubling of the price of the shares of the company he leads and during this year he sold shares worth more than 10 million dollars.
The most recent of the sales occurred just one day before the presentation iPhone 6 si 6 iPhone Plus, which was thought to have screens protected by sapphire glass, the disappointment of its non-use generating a 13% drop in the share price. The Apple company also contributed to this problem, which decided to postpone a payment of 139 million dollars to GT Advanced that it had to make based on the agreement between them, and this caused it to enter insolvency.
Now GT Advanced is in a reorganization in an attempt to avoid bankruptcy, but this will not affect the implementation of sapphire screens in the Apple Watch.
