Yes, Apple is going back to glass, implied by one of its key suppliers, but it is glass enveloping a metal frame.
CEO Allen Horng told reporters that he knows only one iPhone model will adopt glass casings in 2017.
That pretty much corroborates speculation by media as early as last month that Apple will indeed be switching to glass.
He says that such smartphones will still require a sturdy metal frame to support it, which is why the company will still be in Apple's good graces.
Analysts believe that Catcher Technology's loss will prove to be beneficial to Biel Crystal Manufactory and Lens Technology, a Chinese company that already provides Apple with glass covers for iPhones.
As to why Apple will make such a switch, it is commonly held belief that Tim Cook is under pressure to revive the iPhone's hold on the smartphone market.