Apple investors rejoice: Cirrus Logic results portend terrifyingly colossal quarter for Apple

“Apple (AAPL) investors just got a reason to expect great news in the next earnings report,” Anders Bylund reports for The Motley Fool. “Audio-chip specialist Cirrus Logic (CRUS) makes the sound-processing circuits for every kind of Apple gadgetry. So Apple accounts for about half of Cirrus’ sales today, and that percentage is only growing. When a parts supplier is this committed to a single customer, the supplier becomes a great barometer of demand for its dearest client.”

Bylund reports, “Cirrus’ shares opened 12% higher today thanks to a tremendous business update. Two weeks ahead of its full quarterly report, Rhode felt compelled to tell us that third-quarter sales will land at roughly $122 million — far ahead of the $105 million analyst consensus.”

“Energy products will account for $17 million of those sales, down from $18 million in the previous quarter. All the rest is audio sales. That’s a 25% boost to that division from one quarter to the next,” Bylund reports. “Let’s put that number into a seasonal perspective: In 2010, Cirrus’ sales fell 5% between the second and third quarters. And that performance was good enough to nearly double Cirrus’ share price between the two reports.”

Bylund reports, “I’ll read the tea leaves for you: Apple’s sales will be terrifying in their holiday-fueled glory.”

Read more in the full article here.

[Thanks to MacDailyNews Readers “David E.” and “Touch” for the heads up.]


    1. Yes, DELIGHTED would be a better word but being “terrified” would most likely echo Apple’s competitors emotions. Apple is the runaway train of consumer tech electronics as well as mind share.

    1. No, others are on the “take”.

      All analysts are in major overdrive to hype the estimated sales into completely unrealistic numbers so that when Apple announces the “real” numbers, they can all say Apple failed and drop the stock. Again.

      Stock manipulators.

      That is all they are.

  1. “Terrifyingly” the adverb, not “terrifying” the adjective.

    The modifying phrase “terrifyingly colossal” is intended to mean something like “mind-bogglingly colossal”. Admittedly “terrifyingly” leaks out of the modifying phrase, out of the sentence, and into the greater context, thereby confusing the hell out of us.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.