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LG Innotek is the only supplier of the tetraprism lenses for the iPhone 16 Pro.
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iPhone 16 Pro gains 5x zoom from iPhone 15 Pro Max.
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The lens supply contract is exclusive to LG Innotek at the outset.
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Initial stock accounts for more than half of all iPhone 16 Pro models.
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After the initial lot, Foxconn and Cowell will be added as suppliers too.
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The addition of suppliers will help to reduce manufacturing costs for Apple.
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It's not clear why Apple didn’t go with all three companies from the start.
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Expansion in lens fabrication is scheduled for later in 2024.
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