|Apple acquired image sensor company InVisage: report|
By Max A. Cherney - Nov 9, 2017 2:07 p.m. ET
Apple Inc. AAPL, -0.36% has acquired privately held InVisage Technologies,
according to a media report Thursday. It was not immediately clear when
Apple bought the company, and neither firm responded to a request for
comment. Apple stock edged down less than 1% to $174.67 in afternoon
trading. InVisage makes digital image sensors that are often deployed in
cameras such as those on smartphones, medical imaging devices, and in
automotive imaging. InVisage has raised an estimated $33 million and last
took on funding in December of 2014, according to FactSet. Apple stock
has gained 50% this year, with the S&P 500 index SPX, -0.40% rising 16%.
The Dow Jones Industrial Average DJIA, -0.38% of which Apple is a com-
ponent, is up 18% this year.