Tech News

The Apple logo is lit on the first day of sale for the iPhone 6 and iPhone 6 Plus, in Sydney(Reuters) - GT Advanced Technologies Inc said it reached an agreement with Apple Inc under which it will stop making sapphire materials and focus on supplying equipment to make sapphire crystals. GT said it would be released from all exclusivity obligations with Apple and a mechanism would be provided for the iPhone maker to recover its $439 million pre-payment to the company, without interest. GT, a former supplier to Apple, filed for bankruptcy on Oct 6 in a stunning turn of events for a company whose fortunes looked bright only a few months ago. ...


A Rogers sign is seen at its headquarters following the Rogers Communications Inc AGM in TorontoBy Alastair Sharp TORONTO (Reuters) - Canadian telecom and media company Rogers Communications Inc posted a 28 percent decline in third-quarter net income on Thursday, but reaffirmed its profit targets for the year as it heralded the end of a corporate shuffle. Rogers, the country's largest provider of cellular service, added just 17,000 net wireless subscribers on contracts, who typically spend more per month and are less likely to switch providers than those who pay for service upfront. That was a sharp drop from the 64,000 added a year ago. ...


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