GT Advanced Technology Plummets Day After Apple Announcements

After falling almost 13% the day of Apple’s announcement of the iPhone 6 and Apple Watch GTAT stock dropped by another 14.5% today as investors dropped the ownership of the company speculated to be making sapphire screens for many or all do the new iPhones. Instead, GTAT will be producing screens only for the Apple Watch for the time being. This just goes to show how dangerous speculation can be – and how reacting to news quickly may say you a lot of money.

Regarding the future of GT Advanced, only time will tell if they will be included in the production of other device screens. The company already has business with the solar industry but the incremental benefit of sapphire over Gorilla Glass is disputed by Dow Corning and price conscious consumers. Perhaps the 6S will have these screens?

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