Apple confirmed to the Wall Street Journal that it has acquired LinX Computational for A$25M.
LinX is responsible for creating an array of camera modules and software algorithms for mobile devices which it says are "leading the way to DSLR performance in slim handsets."
This may mean Apple is planning to incorporate the firm's IP into the iSight camera within future iPhone and iPad models.
On its website LinX writes: "Utilizing state-of-the-art multi aperture imaging technology that combines innovative image processing, advanced sensor and optics technology, our cameras set new standards for image quality parameters such as low light performance, HDR, refocusing, colour fidelity, shutter lag and more.
"LinX cameras are significantly smaller than any camera on the market today, leading the way to DSLR performance in slim handsets."
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The company also enables makers of third party apps to make use of the 3D information captured by its multi-lens sensors in order to change the focus of the shot after the fact.
The company adds: "We allow apps to freely use the 3D information captured by our camera to achieve amazing new features such as the ability to refocus an image after it has been captured, measurement of the true dimensions of objects, 3D object modeling and real time background replacement for video calls."
Given that Apple usually incorporates tech from acquired companies into its own devices, it is likely the firm planning a camera sensor akin to the Duo Camera on the HTC One M8 on a future iOS device.
Apple's statement doesn't really offer 100 per cent confirmation, but the deal appears to be done: "Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans."