On Monday, GT Advanced Technologies Inc (NASDAQ:GTAT) officially announced their Q4 earnings for 2013. The company also offered more details about their rumored partnership with Apple Inc. (NASDAQ:AAPL) and the iPhone 6.
iPhone 6 anticipated to arrive later this year
Thanks to the research based on publicly available shipping documents, it can be highly speculated the iPhone 6 will feature sapphire crystal displays. We still are not certain when Apple Inc. (NASDAQ:AAPL) will release iPhone 6. Given the last two releases have been during September or October, there is still the possibility it could arrive as early as this summer.
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GT-Advanced chief executive officer and president Tom Gutierrez explained, “Our results for the December quarter were in line with our guidance and the anticipated growth trajectory of our business remains unchanged.We expect to return to profitability during the second half of 2014.”
Time is of the essence
The screen supplier also predicts revenues and profitability will be back-end loaded. We can expect GT-Advanced to really rake up revenues at the latter end of the year. They added, “The company expects that 2014 will be a transformational year, one in which it builds a sapphire materials business while continuing to invest in the new technologies that will drive its equipment business in 2015 and beyond. The company expects that revenue and profitability will be back end loaded, with its sapphire materials business ramping as the year progresses, and with improving financial performance during the second half of 2014.”
Apple Inc. (NASDAQ:AAPL) is also taking an aggressive approach to bringing their Arizona plant on-line. Late last year, Apple Inc. (NASDAQ:AAPL) announced plans to open up a new manufacturing plant in Mesa near Phoenix. This plant will be operated by both the Cupertino-based tech giant and GT-Advanced Technologies.
The comments from yesterday’s report from GT Advanced Technologies Inc (NASDAQ:GTAT), everything is on target for the production of the iPhone 6.