Cirrus Logic rises as analyst calls it 'primary winner' to potential iPhone change - Seeking Alpha

1 year ago 54

Cirrus Logic (NASDAQ:CRUS) shares roseate astir 3% connected Wednesday arsenic an influential tech expert called the semiconductor institution the "primary winner" of a imaginable alteration Apple (NASDAQ:AAPL) whitethorn marque to the next mentation of the iPhone.
TF International Securities expert Ming-Chi Kuo tweeted that Apple (AAPL) is apt to cancel carnal buttons and determination to solid-state buttons connected the high-end models of the iPhone 15, with Cirrus Logic (CRUS) arsenic the superior beneficiary. Kuo added the high-end iPhone 15 models volition besides person Taptic Engines to "simulate the consciousness of carnal buttons' unit feedback."
"As the exclusive supplier of Taptic Engine's controller IC for solid-state buttons, Cirrus Logic stands to payment markedly from this caller design," Kuo wrote.
The expert added that if iPhone users similar the caller design, it could beryllium adopted successful different high-end merchandise lines successful the future.
Apple (AAPL) shares gained much than 1.5% successful mid-day trading connected Wednesday.
Investment steadfast Wedbush Securities precocious said Apple (AAPL) remains the firm's apical prime for an "overlooked" tech assemblage successful 2023.