Apple announces a $1 billion camera lens deal with Sharp

Apple will spend more than $1.5 billion on a camera lens for its upcoming iPhone 6s and iPhone 6S Plus, the company announced on Thursday.

Apple’s $1-billion camera lens, which will be sold separately from the smartphone, will be the first in a line of camera lens products that will replace its existing flagship iPhone cameras.

The iPhone 6 Plus will be upgraded to a larger sensor, but the lens will be compatible with the same existing cameras as the iPhone 6.

The camera lens will reportedly be available for $1,499, and will ship with a $200 discount for first-time buyers.

Apple is also offering a limited time special edition of the iPhone 5s with the lens for $2,299.

The new lenses will be available in a number of colors, including gold, rose gold, white gold, and black, for an average price of $1 the company said.

Apple said it is partnering with Sharp to manufacture the lenses.

“The optics of the new iPhone 6 camera are so advanced that we’re confident we can create the best optics in the industry for the consumer,” Apple CEO Tim Cook said in a statement.

“We have always valued the quality and innovation of our camera lenses, and we are confident they will deliver on that promise.”

Apple previously announced plans to invest $3 billion in optical imaging technology and camera equipment over the next two years.

The company has said that its next generation iPhones will be equipped with the new, larger cameras and lenses.