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GT Advanced Court Filing Reveals Apple's $50 Million Penalty for Leaks

Illustration for article titled GT Advanced Court Filing Reveals Apples $50 Million Penalty for Leaks

Apple is ordinarily hush hush about its deals with suppliers. But a court filing with GT Advanced, the company that was supposed to supply the Apple Watch's sapphire screens, reveals that Apple would inflict a $50 million penalty for any leak of clandestine product info. Ouch.

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These documents were released ahead of a hearing for GT Advanced, which just filed for bankruptcy last week. This is just one case for one company, so we don't know what Apple's contracts are with other suppliers. 9to5Mac notes that it probably varies based on the size of the supplier and what it supplies. But the takeaway here is that huge financial penalties for the leak of information on Apple's big secrets are standard with its component suppliers. Although, these days, leaks are pretty much par for the course, which means penalties do not necessarily guarantee protection. [9to5Mac]

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DISCUSSION

totalstranger
What? Me Worry?

Why would any company agree to that? I understand the desire to land an Apple contract, but to risk such a huge penalty seems borderline irresponsible. It would take but one disgruntled employee to inflict a serious amount of damage, especially if your company is in a precarious financial situation to begin with.