GT Advanced COO Says Apple Used ‘Bait and Switch’ Tactic
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Apple Inc. used “bait-and-switch” tactics in negotiating a contract with sapphire-maker GT Advanced Technologies Inc., guaranteeing itself “heads I win, tails you lose” terms, a GT executive said in an unsealed court document.
Papers made public today showed how GT Advanced and Apple clashed on who was at fault for the failure of a billion-dollar synthetic sapphire project that led to GT’s bankruptcy last month in Manchester, New Hampshire.