Here’s the real reason Apple supplier GT Advanced went bankrupt

GT advanced

Phoenix Business Journal

GT advanced
Jeff Kern/Flickr

Amidst the war of words between Apple Inc. and its bankrupt sapphire supplier GT Advanced Technologies, Business Insider has uncovered what it has dubbed “the real reason” GTAT filed for bankruptcy.

In an affidavit, GTAT COO Daniel Squiller revealed the bottom-line reason the deal between Apple (Nasdaq: AAPL) and GTAT (OTC: GTAT) went belly up: Apple asked GTAT to alter its business model.

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