|Bid||0.1185 x 0|
|Ask||0.1315 x 0|
|Day's Range||0.1185 - 0.1185|
|52 Week Range||0.0495 - 0.1240|
|Beta (3Y Monthly)||1.57|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Not that long ago, Apple was going to build iPhone screens using sapphire glass, but that didn't work out so well. It loaned $578 million to a company called GT Advanced Technologies, which was supposed to build highly scratch-resistant screen covers from synthetic sapphire crystals. Instead, it produced flawed "boules" of sapphire that couldn't be cut into displays and went bankrupt months after it started. Now, the SEC has announced that it's charging the company and its ex-CEO with fraud for allegedly withholding key information from stockholders.
Way back in 2013, Apple spent a whopping $578 million on sapphire glass. The sum, spread out over four installments, was an advance to GT Advanced Technologies. Already in use on the company’s home buttons and camera, the plan was to implement the extremely hard material on a larger scale, replacing Gorilla Glass in the process.