Apple Advances with 10x Tetraprism Lens for Future iPhones, Ditches LG Innotek

The iPhone 15 Pro Max is Apple's first flagship to include a telephoto lens with a 5x tetraprism. The corporation will ultimately increase the highest supported lossless zoom, according to rumors, and will finally move to a 10x tetraprism lens. However, the corporation is alleged to have eliminated LG Innotek as a supplier and replaced it with a Chinese outfit.

Apple To Use a 10x Tetraprism Lens in Future iPhone Model

LG Innotek is one of Apple's lens suppliers for the iPhone 15 Pro Max, but the company will be removed from the list of partners for unspecified reasons, according to a Korean report. Instead, ICT, a Luxshare company, is reported to supply Apple with the 10x tetraprism lens for future iPhone models, as per WCCFTech.

It should be noted that the rumor does not indicate when Apple wants to deliver this improvement to future iPhone models, although it is unlikely to be the iPhone 16 Pro and iPhone 16 Pro Max, both of which are expected to launch with an enhanced tetraprism lens.

The new lens is rumored to have a 5x zoom but will allegedly cost more than the parts found in the iPhone 15 Pro Max. Apple may be deleting LG Innotek from its list of suppliers for the 10x tetraprism lens because the Korean company did not agree to the pricing parameters, did not provide a higher quantity, or encountered quality issues. Apple often retains numerous suppliers for a single component in order to leverage better pricing on those parts.

This strategy also encourages its suppliers to produce high-quality parts in sufficient quantities to guarantee future orders for a wide range of goods. According to the speculation, Chi-ho Han, senior analyst at NBNtv, predicts that LG Innotek will continue to supply Apple with 5x zoom actuators next year, implying that the company still has a year to extend its cooperation with the California-based tech titan. After then, there may not be another opportunity.

LG Innotek is also said to be one of the vendors trying out under-display camera technology for Apple in order to help the firm achieve the 'bezel-less' iPhone. We will keep our readers updated on whether or not the firm loses orders for both components in the future, so stay tuned.

Apple Has Hearly Surpassed France's Whole Stock Market

Apple Inc., the world's most valuable publicly listed firm, is continuing to rise. After closing at a new high on Wednesday, Apple's market worth is nearing that of France, Europe's largest stock market, according to Fortune.

According to a Bloomberg index, the overall market value of firms listed in Paris was almost $3.2 trillion as of Wednesday's closing, compared to the IT giant's $3.1 trillion. Apple is greater than all but the world's six major stock exchanges.

It's not the first time the Cupertino, California-based corporation has outperformed Paris in terms of valuation. During last year's second-half selloff, as central banks hiked interest rates to combat inflation, the pair switched positions many times.

The French stock market is at a record high this week, propelled by luxury-goods companies such as Louis Vuitton owner LVMH and Birkin bag manufacturer Hermes International SCA. Stocks fell starting in mid-summer, only to rise again in recent weeks as evidence grew that inflation is cooling and thus interest rates may have peaked, with no signs of a US recession.

In the United States, the same background has fueled a resurgent rally in technology equities, particularly among the largest firms. In 2023, Apple's stock price will have increased by more than 50%, adding almost $1 trillion to its market capitalization. Apple's current climb represents a significant reversal from October, when the company was under pressure because of concerns about revenue growth and sales in China.

According to Bloomberg's average of analyst projections, the company's sales will re-accelerate in 2024 as demand for smartphones, laptops, and PCs recovers.

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