Apple fines companies $50 million for leaks

For a company that’s obsessed with secrecy, it’s no surprise to see that Apple imposes tight restrictions on what its suppliers can say. If your company leaks a product, or starts boasting about producing components for a future iOS device, then you’ll be asked to pay a fine of no less than $50 million. That’s chump change for a company like Samsung, but a fortune for smaller outfits that may produce only one or two small pieces. Speaking of which, this fact only emerged thanks to GT Advanced Technologies, which has just filed for Chapter 11 bankruptcy after deciding to close and sell-off its loss-making sapphire crystal manufacturing facilities.