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Extra! Extra! Read All About It: Cirrus Logic's Largest Customer Just Tagged It [Seeking Alpha]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
CRUS secured a new design win for advanced ICs powering Face ID, with a potential ASP of ~$2 per iPhone and significant long-term revenue upside. The Apple announcement alleviates prior 'design-out' risk for CRUS, solidifying its strategic importance and supporting higher valuation multiples. The initial ramp for the new Face ID IC is likely 2028–2029, with full implementation potentially adding $20–$60 per share to CRUS long-term. aabejon/iStock via Getty Images A few weeks ago, Apple ( AAPL ) issued a strange and different news release concerning Cirrus Logic ( CRUS ). For the first time, Apple acknowledged Cirrus has a supplier. Prior to this announcement, Cirrus Logic wasn't formally This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of CRUS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than fro
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