AlgoTrim's main business is in the compression of processing instructions. This could lead to iOS users zipping through their photo galleries, or faster access to certain media files. Last March, it announced a new JPEG processor it developed that allows for quicker processing of such files. The company used this technology for a photo album app it created for Japanese carrier KDDI.
Currently, AlgoTrim has its software working in over 100 million devices, the majority of which are powered by iOS rival Android. Compared to Apple, AlgoTrim is but a grain of sand in the desert. Last year, the company grossed under half a million U.S. dollars. Ironically, the AlgoTrim website discusses the company's involvement with Android. While Apple wouldn't expressly confirm the acquisition, it did say "Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans."
source: AlgoTrim via TechCrunch