GT Files for Chap 11 After Apple's Sapphire Interest Wanes


GT Advanced Technologies and seven of its direct and indirect subsidiaries on Monday announced they had filed for Chapter 11 bankruptcy. GT, which makes sapphire components used in the iPhone, iPad and iPod touch, expects the U.S. Bankruptcy Court for the District of New Hampshire to authorize the company to continue to conduct business as usual while it attempts to resolve its current financial issues and develop a reorganization plan. “GT has a strong and fundamentally sound underlying business,” said GT President and CEO Tom Gutierrez.

The original article can be found here: http://www.ecommercetimes.com/story/81158.html?rss=1

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Apple continues to experiment with super-low pricing as new $1,099 iMac already discounted to $979, $830 for students

Through its indirect channel of trusted resellers, Apple has become increasingly aggressive on Mac pricing in 2014, offering discounts that go well beyond historical trends. That continues with big savings on the company’s new iMac released just last week — a pattern that suggests the company is actively experimenting with lower price points across multiple product families.



The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/3bd47bec/sc/28/l/0Lappleinsider0N0Carticles0C140C0A60C240Capple0Econtinues0Eto0Eexperiment0Ewith0Esuper0Elow0Epricing0Eas0Enew0E10A990Eimac0Ealready0Ediscounted0Eto0E979/story01.htm

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