Apple cancels $22-million deal for new iPhone camera tech: Report

Apple has reportedly cancelled an around $22-million deal with British technology firm Nanoco for advanced iPhone camera sensor. The 'quantum dot' technology, being developed by Nanoco, allows camera sensors to gather light more efficiently compared to silicon designs. Nanoco's stock plummeted 74% last week on announcement of losing a deal with a client, which has now been reported as Apple.