Apple supplier cirrus falls on risk from iPhone 15 design change | Mobile News

Apple supplier cirrus falls on risk from iPhone 15 design change

Ming-Chi Kuo wrote that due to unresolved technical issues prior to mass production, high-end iPhone 15 Pro models "will abandon the closely-watched solid-state button design.

By:BLOOMBERG
| Updated on: Apr 13 2023, 10:28 IST
iPhone 15: 5 things that are tipped to be rolled out on launch
image caption
1/9 USB-C port: All four iPhone 15 models are tipped to feature a USB-C port while replacing the years-old Lightning port. (Unsplash)
iPhone 15
2/9 Dynamic Island arrival: Unlike iPhone 14 series, Apple is expected to bring the Dynamic Island to the standard variants of the iPhone 15 lineup too. This will be a big upgrade that will completely ditch the notch display from the flagship iPhone series. (HT Tech)
image caption
3/9 48MP camera: Apple analysts believe that the iPhone 15 will receive an upgraded camera similar to the Pro version while getting a 48MP upgrade from a 12MP primary camera. (Divya / HT Tech)
image caption
4/9 Bigger display: So far, we have seen the iPhone 13 and iPhone 14 with a display size of 6.1 inches. However, several leaks suggest that the iPhone 15 could feature a 6.2-inch display. Also, all iPhone 15 models are expected to get slightly curved bezels. (HT Tech)
image caption
5/9 USB-C port: All four iPhone 15 models are tipped to feature a USB-C port while replacing the years-old Lightning port. (Unsplash)
iPhone 15
6/9 Dynamic Island arrival: Unlike iPhone 14 series, Apple is expected to bring the Dynamic Island to the standard variants of the iPhone 15 lineup too. This will be a big upgrade that will completely ditch the notch display from the flagship iPhone series. (HT Tech)
image caption
7/9 48MP camera: Apple analysts believe that the iPhone 15 will receive an upgraded camera similar to the Pro version while getting a 48MP upgrade from a 12MP primary camera. (Divya / HT Tech)
image caption
8/9 Bigger display: So far, we have seen the iPhone 13 and iPhone 14 with a display size of 6.1 inches. However, several leaks suggest that the iPhone 15 could feature a 6.2-inch display. Also, all iPhone 15 models are expected to get slightly curved bezels. (HT Tech)
iPhone 15
9/9 A16 Bionic chipset: Last year, iPhone 14 and iPhone 14 Plus had to settle for the old A15 Bionic chipset, while the new A16 Bionic chipset was an exclusive on iPhone 14 Pro models. iPhone 15 is expected to get an A16 Bionic chipset. (Divya / HT Tech)
iPhone 15
icon View all Images
The iPhone 15 Pro models "will abandon the closely-watched solid-state button design and revert to the traditional physical button design," Kuo said. (AFP)

Cirrus Logic Inc. shares fell 12% on Wednesday as analysts highlighted risks to the Apple Inc. supplier's bottom line from a reported design change to the iPhone 15.

The Austin, Texas-based company derives 88% of its revenue from Apple, according to supply chain data compiled by Bloomberg.

You may be interested in

7% OFF
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
7% OFF
Apple iPhone 15 Pro 256GB
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
9% OFF
Apple iPhone 15 256GB
  • Black
  • 6 GB RAM
  • 256 GB Storage
9% OFF
Apple iPhone 15 Plus 256GB
  • Black
  • 6 GB RAM
  • 256 GB Storage

Ming-Chi Kuo, an analyst at TF International Securities Group, wrote that due to unresolved technical issues prior to mass production, high-end iPhone 15 Pro models "will abandon the closely-watched solid-state button design and revert to the traditional physical button design." This change "is particularly unfavorable for Cirrus Logic" and China-based AAC Technologies, he added.

Not sure which
mobile to buy?

The view was echoed by Loop Capital, which wrote that the switch would "negatively impact" Cirrus. The firm noted that "changes this late in the game often have residual and unexpected impacts on other components."

Loop has a buy rating on both Cirrus and Apple.

Despite Wednesday's drop, Cirrus remains up 21% this year, and it recently closed at an all-time high.

Apple rose 0.7% on Wednesday, bringing its year-to-date advance to 24%.

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 13 Apr, 10:22 IST
NEXT ARTICLE BEGINS