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Under the deal, GT Advanced will try to sell more than 2,000 furnaces from its Mesa, Ariz., sapphire plant to pay back the debt it owes Apple, according to reports from The Wall Street Journal and other outlets. Apple provided the financing to buy the furnaces in the first place, and there has been some speculation in recent days that the Cupertino, Calif., electronics giant would try to take possession of them. Apple and GT Advanced didn't immediately respond to requests for comment. GT Advanced earlier this month filed for Chapter 11 bankruptcy protection, a surprise move that came less than a year after it signed a $578 million deal to supply Apple with sapphire, a scratch-resistant, transparent material that can be used for screens on tech gadgets. A few days after its filing, GT Advanced said it would reject about a dozen agreements with Apple and wind down its massive sapphire-production facility in Mesa.
The company had seen its stock surge after it inked a $578 million deal with Apple in November 2013 to create sapphire products for the tech giant, While many industry watchers and investors had expected those products to be displays for the next iPhone, they were disappointed to find that Apple stayed with a glass display when it unveiled the new iPhone 6 last month, Since then, GT's stock has fallen as some analysts best iphone screen protector 5s expected the company to cut its financial guidance for the year, The Apple Watch smartwatch, due to start selling next year, will include a sapphire display in certain models..
In bankruptcy-court filings made public October 10, GT came forward with an explanation for its surprise Chapter 11 bankruptcy protection filing, saying the cash burn from operating the Arizona sapphire-production plant for Apple wasn't sustainable and that GT needed to end work there to preserve the company. In its requests to the court, GT said "the agreements imposed oppressive and burdensome terms and obligations" on the company, adding that "continued performance under the Agreements is no longer a viable business option." It also said in court papers that it found operating under its agreements with Apple "constitute an unnecessary drain" on its resources and it wanted to reject the deals under the bankruptcy code.
Both companies have been criticized for filing documents under seal and not giving more information to creditors, As part of the agreement unveiled Tuesday, GT Advanced and Apple will "file a revised explanation" for GT Advanced's bankruptcy filing, The Wall Street Journal said, best iphone screen protector 5s which would "ultimately erase from the public record the court papers that set out what went wrong in the relationship between the two companies."GT Advanced, which earlier had a deal with Apple to supply sapphire for displays, will sell the furnaces in its factory to repay Apple..
At a demo of its Android Lollipop 5.0 operating system, Google showed off its newest gadgets. In addition to the Nexus 6 smartphone, the Google Nexus 9 tablet made a cordial debut. It doesn't pack any high-end gimmicks -- like a fingerprint scanner or 3D camera -- but the 8.9-inch tablet manages to impress without them. If the tablet looks familiar, but different, that's because you're taking a look at the new Android operating system. The Nexus 9 ships preloaded with Android 5.0 Lollipop and houses a powerful Nvidia Tegra K1 CPU.
Is it me or does it look like a piece of gum? You know the best iphone screen protector 5s kind that comes out of the little foil packets? Anyways, the smooth back and rounded edges look chic and feel comfy according to our editor Lynn La, Weighing in at 425g (0.94 pound), the Nexus 9 is light, but it'll have to shave off a few grams in order to be the lightest tablet in the land, Google has a 7-inch tablet as well as a large 10-incher, and it's completing the tablet trio with the Nexus 9, Though Google quietly introduced the Nexus 9 tablet with little fanfare, the tablet houses some powerful specs and a thin design that will definitely give today's top tablets a run for their money..
Unlike for the Amazon Fire HDX 8.9, Google rounds up the size of the Nexus 9's screen for its model name. Its 8.9-inch IPS LCD screen boasts a 1,536x2,048-pixel resolution and 281 pixels per inch. The top and bottom bezels of the tablet are noticeably thicker than the ones on its sides. The Nexus 9 also rocks a 4:3 aspect ratio, a rare sight on a tablet. On the rear, the slightly protruding 8-megapixel camera features an LED flash below it. Around the corner from the camera, you'll find the headphone jack for your listening pleasure.
The 16GB model of the tablet will cost $399, with the 32GB model starting at $479 and the LTE version best iphone screen protector 5s of the 32GB model at a whopping $599, International pricing has yet to be announced; however, Google confirmed that the tablet will become available in 29 countries over the coming weeks, The 8.9-inch tablet is now available for preorder and will hit stores on November 3, What do you think of Google's latest tablet? Does it look too similar to a certain fruitful competitor? Let us know your thoughts in the comments section..