“In November 2013, Apple announced a $578 million deal with GT Advanced Technologies (GTAT) wherein GTAT would supply sapphire substrate, or sapphire glass, to Apple,” Trefis Team writes for Forbes.
“Since then there has been speculation over the application of sapphire glass in iPhone and iWatch. When this news went public, Corning’s stock fell around $0.70 because of the possible implications it would have on Corning’s Gorilla Glass, Apple’s current choice of protective cover glass on the iPhone,” Trefis writes. “The deal meant that Apple might be looking at replacing Gorilla Glass with GTAT’s sapphire glass, leading to a decline in sales for Corning.”
Trefis writes, “Neither Apple nor Corning has confirmed whether Apple will replace Gorilla glass with sapphire in its iPhone. However, we believe that even if this did happen, Corning does have other options from where it may recover the lost sales.”
Read more in the full article here.