“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.”
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