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Cirrus Logic Newsroom
At US$123, Is Cirrus Logic, Inc. (NASDAQ:CRUS) Worth Looking At Closely?
The supply chain is in disarray, leaving investors worried about the demand for iPhone 16.
Analysts including Ming-Chi Kuo of TF International, as well as analysts from Barclays, JPMorgan, and Bank of America, have all mentioned that early data shows the iPhone 16 Pro series is below expectations. This has led to a general decline in Apple's stock and related concept stocks on Monday. Kuo stated that one of the key factors for the decrease in demand for the iPhone 16 series is that the main selling point, Apple Intelligence, was not released with the iPhone 16.
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The fruit chain is in disarray, Cirrus Logic's stock has fallen by over 10%, and investors are worried about the demand for iPhone 16.
Gelonghui, September 16th | Apple's stock price fell more than 3.85% at one point, hitting a low of $213.92 since August 9th. Taiwan Semiconductor's ADR fell by about 3%, ending the trend of three consecutive trading days of gains. Cirrus Logic fell by 10.48% at one point, to $119.21, nearing the low of $107.62 on August 5th. Micron Technology fell by 5.81% at one point. Infineon Frankfurt stock price fell 2.2% at one point.
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The Apple iPhone 16 is officially unveiled. Which chip stock is expected to benefit?
Investment firm KeyBanc Capital Markets said on Tuesday that the impact of Apple's new iPhone 16 smart phone series on the semiconductor industry is mixed.
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Is the largest ever wave of phone upgrades about to begin? The Apple iPhone 16 is about to debut, and these 24 Hong Kong and US stocks are expected to see a breakthrough.
Sinolink Securities research report pointed out that according to the information of the component supply chain, the iPhone 16 series new machine is expected to have a stock of 88 million to 90 million units, and Apple Intelligence is expected to empower the iPhone 16 new machine, accelerating the replacement cycle. Apple will continue to build its core competitiveness in chips, systems, hardware innovation, and end-side AI models. Apple's AI technology and hardware innovation are expected to drive hardware replacement demand. The competition pattern of the Apple industry chain is good, and it is expected to achieve a simultaneous increase in quantity and price.
Investors in Cirrus Logic (NASDAQ:CRUS) Have Seen Impressive Returns of 167% Over the Past Five Years
AI is driving a 'replacement wave', IDC has raised its full-year smartphone shipment growth forecast to 5.8%.
In 2024, the shipment volume of smart phones is expected to increase by 5.8% year-on-year, reaching 1.23 billion units.
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