Apple Agrees to Less from GTAT to Keep Bankruptcy Proceedings on Track

Creditors involved in the GT Advanced Technologies bankruptcy proceedings are a little happier now that Apple has agreed to take less money from each sapphire furnace sold, and to give the company more rent-free time in the factory it used to make the glass. The company had been contracted to make synthetic sapphire glass for the Apple Watch and iPhone 6, but instead drove itself into a financial crisis. The Mac Observer Spin: GTAT's financial implosion is a no-win scenario for Apple and the oth...