Apple to sapphire supplier: “Put on your big boy pants and accept the agreement”

Gigaom:

Since GT Advanced Technologies declared bankruptcy in early October, the vast majority of documents detailing its deal with Apple to supply sapphire crystal have been under seal.

On Tuesday, Judge Henry Boroff issued an order unsealing an statement signed by GTAT CEO Daniel Squiller as well as its attached documents, which include details on the reasons GTAT filed for bankruptcy and its business relationship with Apple, its largest creditor. On Friday, the Squiller statement entered the public record.

There’s never been any doubt that Apple plays hard ball with its suppliers. I’ve spoken to many companies who have to deal with the company and the stories all have one thing in common – you don’t negotiate with Apple. They dictate the terms to you.