CNBC is reporting that Brian Blair of Rosenblatt Securities May 27th report on the Asia supply chain spotted iWatch models with sapphire screens.
Additionally, the same report said the upcoming iPhone 6 would use sapphire glass from GT Advanced.
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The Obscure Analyst 
If I recall correctly you had stated previously that none of the analysts have an iWatch in their EPS projections for GTAT.
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You are correct “none” !
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Matt,
Has anyone told you lately that you are….Da Man!!!
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Mike – even if they had it doesn’t get old! Thanks!
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Matt,
I found this reference on “the fly on the wall”:
UBS’ checks indicate GT Advanced (GTAT) had a big ramp in sapphire shipments in April at its Arizona fab. The firm estimates its shipped 1M two-inch equivalents of sapphire to an Apple (AAPL) cover screen supplier and that the number of furnaces installed could be more than expected. Shares of GT are Buy rated with a $22 price target.
What does 1 million “two-inch equivalents” mean?
Thanks for the great work!
Brian
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You would think that each piece has to do with one watch ? 2″ long by what width? Or cut down so where else?
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Are you referring to 2 TIE?
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Yes.
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I believe 2 TIE is two inch equivalent or 2″ x 2″ square. 4 TIE is 4″ x 4″. One “4 TIE” is equal to 4 “2 TIE” equivalents. Fancy words for squares 2 TIE is 4 square inches and 4 TIE is 16 square inches.
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Are we to assume these are sapphire watch faces then? 2X2 is pretty small. And this article implies that’s all GTAT shipped. Could we be wrong about what’s going on in Mesa? Odd to reference only the 2 TIE volume.
Thanks for the help Matt!
Brian
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A 2″ circle is way to large for face of an I watch. Draw it out and see for yourself. A 2″ width would be perfect size for 4.7″ iPhone. How do they even get access to this data?
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I don’t think they shipped these mini ingots. It’s just how the standard of measurement is. They refer to everything as 2 inch TIE even if it was 6 inch ingots that were cut.
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Huge catalyst could be 4th payment from Apple. This should be imminent correct Matt and for of SEC filing?
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Yes that is correct.
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[…] was most recently in the news regarding his belief that sapphire was seen in some iWatch models and that the iPhone 6 would […]
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[…] was most recently in the news regarding his belief that sapphire was seen in some iWatch models and that the iPhone 6 would […]
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