Instagram is demonstrated on an iPhone Monday, April 9, 2012, in New York. Since Verizon Wireless broke AT&T’s exclusive grip on the iPhone last year, several other phone carriers now offer Apple’s popular smartphone. On Monday, T-Mobile said it will make a stronger bid for used iPhones from AT&T as Apple prepares to launch a …

October 22, 2014

AZ Business Magazine

Deal between Apple, glass maker will stay secret

Apple Inc. has reached a deal with a synthetic sapphire glass maker that will allow details of contracts between the companies and the business problems that led GT Advanced Technologies to a financial crisis to remain secret.

A Tuesday filing in U.S. Bankruptcy Court in New Hampshire shows a settlement that will allow sealed documents filed by GT’s chief operating officer and Apple last week to be withdrawn and all copies destroyed.

Apple hasn’t commented beyond saying it was surprised by the bankruptcy filings and was working to retain jobs at the plant.

GT is shutting down a new sapphire plant in Mesa and laying off 724 workers.

Apple advanced GT $429 million to outfit the plant under a contract announced last November.