“Shares of chip maker Cirrus Logic (CRUS), a prominent supplier to Apple (AAPL), are up $4.43, or 16%, at $32.39,” Tiernan Ray reports for Barron’s.
“The stock has gotten one upgrade today, that I can see, from Oppenheimer & Co.’s Rick Schafer, who raised his rating to Outperform from “Perform,” with a price target of $40, writing that the company’s ‘content story is too compelling to ignore,'” Ray reports. “What he means in particular is the company gaining a substantial boost in share of parts sold into what is presumably the next iPhone, the iPhone 7.”
We believe CRUS has secured a smart codec enabling active noise cancellation in AAPL’s earbuds for the IP7. CRUS saw its content in the IP6s jump ~60% to $3.50 vs the IP6. We estimate the additional smart codec socket could raise CRUS’ ASP by $2+ to ~$5.50 in the IP7 [iPhone 7]. Additionally, we believe AAPL likely includes the earbuds as an “in-box” feature. — Oppenheimer & Co. analyst Rick Schafer
Read more in the full article here.
MacDailyNews Take: Noise-cancelling earbuds in every iPhone 7/Plus box would be a compelling extra!
Apple developing completely cordless Beats earphones with charging case ahead of iPhone 7 – January 8, 2016
iPhone 7 said to be waterproof, replace 3.5mm headphone jack with Apple’s Lightning – January 8, 2016
The fastest Lightning cable is also one of the least expensive – January 8, 2016
Apple will drop headphone jack to make the iPhone 7 super slim, source confirms; wireless charging and waterproof, too – January 7, 2016
Petition demands Apple keep 3.5mm headphone jack in the ‘iPhone 7’ – January 7, 2016
More reports claim Apple has dumped the 3.5mm headphone jack on iPhone 7 – January 5, 2016
Philips debuts Lightning-powered noise-cancelling headphones, no batteries required – January 8, 2015
Why Apple may axe the 3.5mm headphone jack – June 20, 2014
Apple may be poised to kill off the 3.5mm headphone jack – June 7, 2014
Apple may ditch analog 3.5mm headphone jack for Lightning to make thinner devices – June 6, 2014
Apple introduces MFi specs for Lightning cable headphones, iOS software update to deliver support – June 5, 2014
Apple preps HD audio for iOS 8 plus new Apple In-Ear Headphones and lightning cable – May 13, 2014
Apple patents biometric sensor-packed health monitoring earphones with ‘head gesture’ control – February 18, 2014
Apple paves way for more affordable iOS accessories with lower MFi and Lightning licensing fees – February 7, 2014
Apple’s Beats, Bose settle patent suit over noise-canceling tech – October 10, 2014
Apple patent application details self-adjusting, noise-canceling earbuds – July 8, 2013
[Thanks to MacDailyNews Reader “David E.” for the heads up.]