GT Advanced gaining momentum in in smart phones, says Canaccord Canaccord raised GT Advanced Technologies price target to $15 from $13 based on tightening sapphire and polysilicon markets and is confident Apple is serious about sapphire cover glass for an upcoming iPhone. Shares are Buy rated.
News For GTAT From The Last 14 Days
Check below for free stories on GTAT the last two weeks.
Leak points to sapphire screen for 4.7" iPhone 6 A newly posted YouTube video supposedly shows the screen that will be used in Apple's (AAPL) upcoming 4.7" iPhone 6 and claims that the part confirms that the smaller new model will have a sapphire display, not Gorilla Glass from Corning (GLW). The video adds that the existence of the part dispels rumors that only the larger, 5.5" iPhone 6 would feature a sapphire display. Note that Apple has a sapphire contract with GT Advanced Technologies (GTAT). Reference Link