Earlier this week, Apple announced its plans to open a new facility with GT Advanced to help manufacture sapphire. Apple, of course, currently uses sapphire for the camera lens on the iPhone and on the Touch ID sensor because the material is incredibly durable and scratch-resistant.
Apple's agreement with GT Advanced, however, suggests that it has much bigger plans for sapphire than the current product lineup would otherwise suggest.
AllThingsD reports:
During a Monday earnings call, GT revealed a few bits of data that suggest it is rejiggering its entire business model around sapphire production. As Cantor Fitzgerald analyst Brian White noted today, GT's sapphire business accounted for 11 percent of its year-to-date sales - about $28.9
