LG Innotek has been working on plenty of goodies for smartphones recently. Market analysts think that the company’s also working on one big goody for Apple and the rumored iPhone 7 Plus and iPhone 7 Pro (or Premium).
Nomura Securities, as have KGI and Citi Research, believes that every 5.5-inch iPhone will feature a dual-camera module and that said module will be made by LG, not Sony. Why? Analyst Chris Chang explains:
We think Sony may not be able to deliver its full share of dual cameras to Apple due to: (1) lower-than-expected yield, and (2) damage to its production facility from the April earthquake in Kumamoto. As a result, we think LGI will gain majority share of the initial dual camera orders from Apple.
Ah, the dreaded earthquake — how it ruins iPhones.
Nomura also expects Apple’s camera bill to go up this year because of the obviously increased costs of dual-camera modules and the addition of OIS into the regular iPhone 7 model.
“Current only the 5.5 [inch] model has OIS,” Nomura states.