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LG Innotek begins production of iPhone Camera Modules with Apple's Time-of-Flight Camera Module being Postponed to 2020

1 COVER LG INNOTEK

 

LG Innotek started the production of camera modules that will go into next-gen iPhones. Apple is the biggest customer for LG Innotek as it is responsible for large percentage of LG Innotek’s sales.

 

The Korean report notes that LG Innotek’s Optical Solution Business Department hired many short-term workers in the second quarter. According to a business report, the number of workers increased from 200 at the end of March to 880 by the end of June.

 

The increase in short-term workers is likely to rise quickly. In 2018 the increase went from 612 workers in March to 1,275 at the end of June. The number reached 3,396 at by the end of September.

 

LG Innotek supplied its dual-cameras to Apple last year and achieved great result. It made $1.91 billion (2.3132 trillion KRW) and $107 million (129.7 billion KRW) in sales and operating profit respectively in the third quarter and achieved its best third quarter performance in company’s history.

 

The report notes that LG Innotek is supplying ‘triple-camera modules’ to Apple this year. Although it was heard that LG Innotek was initially responsible for development of TOF (Time-of-Flight) module with 3D sensing ability, it seems that actual application of such module has been postponed. It is predicted that TOF module will be applied to the rear-camera of Apple’s new iPhone in 2020.

 

LG Innotek also has to compete with other foreign camera module manufacturers. According to the industry, O-film has become the latest supplier of rear-camera module for Apple. As a result, LG Innotek has to compete with Sharp and O-film. However, it is expected that LG Innotek will remain as the main supplier due to its technical skill and production skill.

 

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