GT says plans to supply sapphire glass to Apple are 'progressing well'

Apple iPhone 5sTom Gutierrez, president and chief executive of GT Advanced, was quoted in his company's quarterly earnings report on Monday as saying that build-out of the new facility in Arizona, which will supply sapphire glass to Apple for future products, began last quarter. GT Advanced also began to staff the operation last quarter, but unsurprisingly, Gutierrez declined to give a specific date as to when mass production will begin.

"We are pleased to have Apple as a sapphire customer and to be in a position to leverage our proprietary know-how to enable the supply of this versatile material," Gutierrez said. "While our primary focus during the balance of the year is to continue to execute on our commitments in Arizona, our aim is to position GT not only as an exceptional sapphire supplier to Apple but also as an unparalleled world-class supplier of sapphire material and equipment to a variety of customers."

The CEO also said that his company expects to return to profitability in the second half of 2014. Given the size of his company's contract with Apple, this has drawn some speculation that a new product, such as an iPhone with a sapphire glass display, could launch later this year, but no specific indication to that effect was given by GT Advanced.

The component supplier received its first in a series of prepayments from Apple last quarter, as part of a multi-year deal for sapphire glass worth $578 million.

Source: AppleInsider

Tags: Apple, iPhone, smartphones

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