When Apple and GT Technologies first struck a deal for GT to produce cerulean for Apple ’s products , GTannounced the dealwith upheaval . Now that GT has file for bankruptcy , the company is paint the deal in very a different luminousness . GT COO David Squillercondemned Applefor pulling a “ bait and switch ” leave in “ an taxing and massively one - sided deal . ”
That statement is a large going away from what GT ’s president Tom Gutierrez tell in a 2013 statement . “ We are very excited about this arrangement with Apple , ” Gutierrez wrote in headier daylight .
Squillerexplainedwhy GT blames Apple for its current financial suffering , stating that GT could n’t produce the agreed - upon amount of sapphire in time because the assembly equipment that Apple had pick out could n’t do the job fast enough . GT did develop some sapphire , of course , but it was n’t enough to live up to Apple ’s demand . And since GT and Apple had an exclusivity agreement , GT could n’t deal the sapphire Apple no longer require to any other fellowship .
This situation obvious draw hard for GT , but the problem with blame Apple is really middling clearly laid out in Squiller’sstatement :
GTAT commit to furnish million of unit of measurement of sapphire material . Apple , however , has no obligation to buy any of that sapphire material .
Yeah , that s a shitty pot , but it ’s a passel the troupe jibe to . Just because the worst - typesetter’s case scenario that could happen within the confines of the heap came to pass does n’t intend Apple hoodwinked GT into sign a bargain against its will . Apple did n’t drop a line the crappy terms in invisible ink .
GT take a major gamble and it did n’t pay off . Apple persuade out the term of the accord brutally and without compassionateness , probably because Apple is a profit - driven multinational corporation and not a kind nun .
I ’ve reached out for gossip to Apple and GT and will update if they react , but however this deal twist out , it ’s a warning to Apple suppliers that just because the iPhone Godhead pump into your operation does n’t imply that you ’re invulnerable .
AppleSapphire
Daily Newsletter
Get the best technical school , scientific discipline , and culture news in your inbox day by day .
News from the future , fork out to your present tense .
Please select your desire newssheet and defer your email to elevate your inbox .
You May Also Like
