Apple Acquires LinX Camera Technology Vendor for $20M
The acquisition of the company will likely bolster Apple's miniature camera technologies in its iPhones, iPads and other devices.Apple is paying about $20 million to acquire LinX Computational Imaging, an Israel-based company that focuses on designing and selling tiny cameras for use in mobile devices such as smartphones and tablets. The deal was reported in an April 14 story by The Wall Street Journal, based on unnamed sources who had knowledge of the transaction. According to its Website, LinX "brings revolution to mobile photography" on smartphones, tablets and Ultrabooks through state-of-the-art multi-aperture imaging technology. LinX combines innovative image processing and advanced sensor and optics technology to create cameras that offer improved image quality, better low-light performance, improved color fidelity and less shutter lag than competing technologies, according to the company. LinX also claims that its cameras are "significantly smaller than any camera on the market today, leading the way to DSLR performance in slim handsets," while also acquiring "very accurate depth information" for improved and more detailed images. LinX devices are also able to better refocus an image after it has been captured, compared with devices offered by competitors, according to the company. LinX was founded in 2011, The Journal reported.
For deep-pocketed Apple, the acquisition of LinX is apparently just the latest investment expenditure from its huge cash holdings of some $178 billion that's available for expansion and research. In January, Apple announced its best-ever financial quarter, posting $74.6 billion in revenue and $18 billion in net profits for the first fiscal quarter of 2015 due to a consumer frenzy of sales of its latest iPhone 6 and iPhone 6 Plus smartphones, Mac computers, and apps and more in the company's App Store. That revenue tally is a 30 percent increase from the $57.6 billion in revenue that was posted for the same quarter one year ago, while the $18 billion in net profit was up 37 percent from the $13.1 billion net profit that was posted in the same quarter one year ago.