US stocks closed on Monday, and Apple sapphire supplier GTAT shares plunged 51% to $0.39. The company has fallen from the $11 in early October to the "penny" price. Previously, in the plunge, GTAT shares have rebounded twice, as the market speculated that Apple or take over GTAT. But so far the news has not received any evidence.
Some analysts say that because of the sapphire yield of GTAT, Apple may completely abandon the screen.
Last Friday, GTAT announced that it would close its sapphire manufacturing plants in Arizona and Massachusetts and said the contract between the company and Apple was "oppressive and heavy."
Some analysts say that because of the sapphire yield of GTAT, Apple may completely abandon the screen.
Last Friday, GTAT announced that it would close its sapphire manufacturing plants in Arizona and Massachusetts and said the contract between the company and Apple was "oppressive and heavy."
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