Apple Supplier files Bankruptcy

[Terpe]

Apple Supplier GT Advanced Technologies' Stock Dives 90% After Bankruptcy Filing

Shareholders in GT Advanced Technologies took a massive hit Monday as the manufacturer of sapphire glass used in certain Apple AAPL 0% products filed for Chapter 11 bankruptcy, sending stock prices plummeting more than 90%.



Source (http://www.forbes.com/sites/carlodonnell/2014/10/06/apple-supplier-gt-advanced-technologies-stock-dives-90-after-bankruptcy-filing/)

[Terpe]

Rumour has it that significant insider-selling happened recently :Erm:

[KeithD]

Apple are struggling to get the hardware it needs. It had to cancel the launch of a new laptop last month due to a shortage of CPU's. :biggrin: