The mobile phone industry may be in a midst of a slump, but a unit of Sharp Corp. is forecasting growth thanks to the race by smartphone makers to wow customers with high-quality photos.
Kantatsu Co., a maker of camera lenses for Apple Inc. and Huawei Technologies Co., expects sales will rise 15 percent to 150 million units in the year ending March 2019, Chief Executive Officer Keiju Akutsu said in an interview. Kantatsu also plans to list shares on the Tokyo Stock Exchange next fiscal year, Akutsu said, declining to give further details.
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