Apple supplier Cirrus Logic forecasts strong holiday quarter anticipating strong iPhone 6/Plus sales

“Cirrus Logic Inc. which makes audio chips for Apple Inc., forecast much better-than-expected revenue for the current holiday quarter in anticipation of strong iPhone 6 and 6 Plus sales,” Anya George Tharakan reports for Reuters.

“The company’s shares rose as much as 6.4 percent in extended trading on Wednesday,” Tharakan reports. “Cirrus, which gets about three quarters of its revenue from Apple, forecast third-quarter revenue of $265 million to $285 million, much higher than the average analyst estimate of $216.8 million, according to Thomson Reuters I/B/E/S.”

Tharakan reports, “Last week, Apple projected stronger-than-expected revenue of $63.5 billion to $66.5 billion in its holiday quarter.”

Read more in the full article here.

3 Comments

  1. I remember when Cirrus Logic made decent Intel x86 CPUs for low cost. Additionally they had good 2D GPUs. A general component supplier, and if you were into building systems, they were a cheap source to get much of your computer up an running.

    Any one remember the VL slot?

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