Digitimes Research: GTAT able to supply sapphire for over 30 million iPhone screen covers due to Apple funding
Jessie Lin, DIGITIMES Research, Taipei [Friday 8 November 2013]
US-based crystal growth solution and equipment provider GT Advanced Technologies (GTAT) has announced that Apple will pre-pay US$578 million to secure sapphire supply. GTAT will be able to use the funds to set up additional sapphire production capacity which will produce enough sapphire to make 5-inch screen covers for 33.79-50.56 million iPhones a year, Digitimes Research estimated.
US$578 million can be used to procure 1,930-2,890 sapphire growing furnaces for a monthly production of 5.28-7.90 million mm of 2-inch-equivalent sapphire ingots, Digitimes Research indicated. Such a volume of sapphire ingots could be used to make screen covers for 33.79-50.56 million 5-inch iPhones a year, accounting for 17.8-26.6% of the estimated 190 million iPhones to be shipped in 2014.
Digitimes Research: GTAT estimated to supply up to 1.35-2.25 million 5.5-inch iPhone sapphire covers in 2014 (Aug 22)
Sapphire ingot prices to continue to hike in 2Q14 (Mar 20)
Digitimes Research: GTAT may supply only 9.0-16.6% of iPhone sapphire screen covers in 2014 (Mar 14)
HTC, LG may use sapphire in flagship smartphones in 2014 (Dec 27)
Digitimes Research: iPhone shipments up over 25% on year in 3Q13 (Nov 28)
Demand for sapphire for handsets to grow 25-30%, says GTAT (Oct 23)
Digitimes Research: STC to expand sapphire ingot capacity (Oct 1)
Digitimes Research: Sapphire 2-inch substrate prices to be around US$8/unit in 2013 (May 9)
Digitimes Insight: LED capacity growth to exceed 20% in 3Q11, sapphire substrate price to drop to US$20 (Jun 27)
Sapphire ingot prices tend to drop in 2Q11 due to potential oversupply (Apr 12)