“The company expects that 2014 will be a transformational year, one in which it builds a sapphire materials business while continuing to invest in the new technologies that will drive its equipment business in 2015 and beyond,” the company announces in its report.
“The company expects that revenue and profitability will be back end loaded, with its sapphire materials business ramping as the year progresses, and with improving financial performance during the second half of 2014.”
“Our results for the December quarter were in line with our guidance and the anticipated growth trajectory of our business remains unchanged,” said Tom Gutierrez, president and chief executive of GT Advanced. “We expect to return to profitability during the second half of 2014.”
This has led to speculation that the iPhone 6 is likely to arrive in the fall, following the traditional timing of Apple’s schedule.
Documents recently unveiled by 9to5Mac showed that GT Advanced has bought everything needed for the production of over 100 million sapphire screens a year.
In addition, Canonical founder Mark Shuttleworth revealed last week that Apple has created a supply of sapphire displays which should be sufficient over the next three years.