Welcome, Guest! - or
Easy to remember!  »  VinNews.com

San Francisco - Older iPhones May Lose Dongles, Move To Hurt Chip Supplier Cirrus

Published on: September 13, 2018 07:30 PM
By: Reuters
Change text size Text Size  

San Francisco - Apple Inc’s older iPhones would no longer include lightning-to-headphone jack adapters, the company’s website showed on Thursday, which according to Barclays would hurt audio chip supplier Cirrus Logic.

Shares of Cirrus, which makes analog chips used in Apple devices, fell 3.8 percent to $39.46. In fiscal 2018, Apple accounted for about 81 percent of Cirrus total sales.

Cirrus did not immediately respond to request for comment and Apple declined to comment.

Comparing the iPhone 7 and iPhone 8 pages from last week to today, Barclays analyst Blayne Curtis wrote in a note he had found that Apple “will remove the dongle (~$1.00 CRUS content) from its entire suite of phones.”

“While CRUS did admit the dongle was out in current generations, it’s an additional negative that they are also removing the dongle from the older products,” Curtis said.

Advertisement:

Apple introduced three new iPhones, including its largest-ever iPhone and a watch that detects heart problems on Wednesday.



More of today's headlines

London - Hadeel Ayoub slips a black glove onto her hand before beginning the swish of sign language that is meaningless to the untrained observer. Then she pushes a... Washington - With all attention on Hurricane Florence, Republicans are dealing with a separate, familiar kind of storm in the halls of Congress — one of the...

 

Total0

Read Comments (0)  —  Post Yours »

1

Sign-in to post a comment

Click here to sign-in.

Scroll Up
Advertisements:
Sell your scrap gold and broken jewelry and earn hard cash sell gold today!