Apple’s Investment encourages the High Purity Alumina Market
As we all know that Apple Inc., market leader in smart phone and tablet technology, has invested over half a billion dollars in the sapphire material that Zibo Honghe Chemical Co.,Ltd is catering for in its High Purity Alumina production.
GT Advanced Technologies with a massive market cap of $1.785 billion, recently signed a huge deal with Apple – for $578 million, GT Advanced Technologies will deliver sapphire material(which was made form High Purity Alumina) to Apple Inc.
This matters to Zibo Honghe Chemical Co.,Ltd because GT Advanced Technologies make sapphire material with one key ingredient: High Purity Alumina (HPA) – which Zibo Honghe Chemical Co.,Ltd can produce.
This sapphire material has already been utilised in some components of the iPhone 5 – with a firm investment like this, it’s a strong indicator the market will only see more need for sapphire and its key ingredient, High Purity Alumina.And whatever Apple Inc. do, the rest of the market tends to follow.
Whilst no production volumes have been discussed, making such a firm financial commitment is a strong sign that Apple sees industrial sapphire as an important element of the next generation of consumer gadgets.
Apple Inc. has been front runners in technology for decades, and with this direction towards ultra-tough scratch resistant screens, it’s likely that all the other smart phone and tablet makers will follow suit. Zibo Honghe Chemical Co.,Ltd had decided to serve exactly this market.