Apple Leaves Cirrus Logic Out in the Cold Again [The Motley Fool]
Cirrus Logic, Inc. (CRUS)
Last cirrus logic, inc. earnings: 1/29 04:00 pm
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US:NASDAQ Investor Relations:
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Source: The Motley Fool
Apple Leaves Cirrus Logic Out in the Cold Again Cirrus Logic ( NASDAQ:CRUS Apple NASDAQ:AAPL Maxim Integrated NASDAQ:MXIM Stoss believes that expectations for Apple to use Cirrus' ANC codec boosted the semiconductor supplier's stock price by more than 0% this year, and that its exclusion could cause the stock to sell off. Let's take a closer look at Cirrus' business to see if that fear is justified. Image source: Apple. A lesson in customer concentration Cirrus Logic produces a wide range of audio chips and amplifiers. It generates most of its revenue from chips for portable audio products, including smartphones, and a lower percentage from non-portable audio devices and other devices. Cirrus' top customer is Apple, which accounted for a whopping 8% of its revenue last quarter. Cirrus supplies the audio chips for its iPhones, iPads, and Macs. Apple's robust hardware sales in previous years were a major tailwind for Cirrus. However, iPhone sales decelerated significantly last year, due
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CRUS
News
- Cirrus Logic, Inc. (NASDAQ: CRUS) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Cirrus Logic to Report Fourth Quarter and Full Fiscal Year 2024 Results [Yahoo! Finance]Yahoo! Finance
- Cirrus Logic to Report Fourth Quarter and Full Fiscal Year 2024 ResultsBusiness Wire
- Cirrus Logic, Inc. (NASDAQ: CRUS) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- What Does Cirrus Logic, Inc.'s (NASDAQ:CRUS) Share Price Indicate? [Yahoo! Finance]Yahoo! Finance
CRUS
Earnings
- 2/6/24 - Beat
CRUS
Sec Filings
- 4/9/24 - Form 4
- 3/5/24 - Form 4
- 3/5/24 - Form 4
- CRUS's page on the SEC website