GT will sell sapphire furnace: Apple repay debt

Apple's former sapphire glass supplier GT Advanced Technologies, said the company plans to sell sapphire furnace to pay a portion of its former partner Apple cash.

These furnaces were originally supplied to Apple for sapphire glass and installation, for which, GT Advanced $ 439 million loan to Apple.

In order to Apple supplier, GT Advanced Sapphire materials to increase production by investing heavily. The company in October this year, complaining that the supply contract led to its bankruptcy. The news shocked investors, its stock price has plunged more than 90 percent, to less than $ 1. Then the stock suspension.

GT Advanced lawyer Luke Adams Deiss product (Luc Despins) before the court had said he expected the price of each furnace is at least $ 500,000.


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