LG’s camera module maker, LG Innotek, has been struggling in 2016 due to a slowdown in smartphones worldwide. The company suffered an operating loss of 34 billion won ($30 million) in the second quarter, turning to deficit from a year ago. But it’s expected to rebound—thanks to Apple. One of the major improvements in Apple’s new iPhones is the camera setup. It’s completely redesigned, and upgrades include a wider aperture to take clearer photos in the dark, a 12-megapixel sensor that’s 60% faster, and, most significantly, the iPhone 7 Plus has dual cameras at the back—and LG Innotek is its exclusive module supplier. A close-up view of the iPhone 7 Plus’ dual cameras. (Photo credit: Josh Edelson/AFP/Getty Images) Cameras are becoming more important for smartphones, and it is also a profitable component to supply. Companies could invest into making better batteries or speakers, but those are only a fraction of the price of an iPhone, meaning less revenue for those par...