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

[Terpe]

Rumour has it that significant insider-selling happened recently

[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.