GT Advanced says fell victim to ‘bait-and-switch’ by Apple

By Noel Randewich SAN FRANCISCO (Reuters) – Apple Inc pulled a “bait and switch” move to force GT Advanced Technologies into a money-losing deal to supply the iPhone maker with sapphire, according to an affidavit by a senior executive at the company. In documents unsealed on Friday by a U.S. Bankruptcy Court in Springfield, Massachusetts, GT Advanced Chief Operating Officer Daniel Squiller says Apple offered what would have been GT Advanced's largest sale ever and then changed the terms of the agreement after it was too late for the smaller company to pursue other opportunities. …

See the original post: 
GT Advanced says fell victim to ‘bait-and-switch’ by Apple

Comments are closed, but trackbacks and pingbacks are open.