GT Advanced Technologies (GTAT) is building a factory in Arizona that will supply sapphire for Apple (AAPL) screen covers, according to Digitimes Research.
Digitimes said the facility would supply between 9% and 16.6% of demand for sapphire material for a new iPhone, based on GTAT’s sales forecasts and the average $30 production cost for a 4-inch sapphire wafer.
Digitimes estimates Apple will ship 70 million units of a new-generation iPhone in 2014 that would use sapphire screen covers.
GTAT, an electronics software & equipment provider, was up 4.56% in early afternoon trade.
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