“Shares of Largan Precision Co. tumbled dramatically during trading yesterday, bottoming out after a near 7-percent drop shortly after noon as disappointed investors reacted to rumors that Apple’s upcoming iPhone 6 handset would not be upgraded with a 13 [sic] [recte 16] megapixel camera,” Ted Chen reports for The China Post.
“The mobile device camera supplier’s shares closed at NT$1,135 after rebounding from its intraday low of NT$1,105, losing NT$45, or 3.81 percent,” Chen reports. “According to Nomura Securities, Largan’s recently lagging performance in the market is caused by rumors that Apple may adopt an 8 mega-pixel (MP) camera with improved optical image stabilization on its upcoming handset, instead of the 16 MP upgrade anticipated by industry observers.”
Chen reports, “Apple’s decision is based on the design requirement to retain the handset’s more portable form factor, said Nomura Securities.”
Read more in the full article here.
[Thanks to MacDailyNews Readers “Fred Mertz” and “Dan K.” for the heads up.]