The Latest in IT Security

Chipmaker Cirrus forecasts weak revenue; shares slide

29
Jan
2014

(Reuters) – Cirrus Logic Inc, whose audio chips are used in Apple Inc’s iPhones and iPads, forecast current-quarter revenue that missed analysts’ average estimate, sending its shares down 5 percent after the bell. Shares of Cirrus Logic and other Apple suppliers closed lower in regular trading on Tuesday, after the world’s most valuable technology company forecast weak revenue for the current quarter. Apple accounted for 82 percent of Cirrus Logic’s revenue in fiscal 2013. Cirrus Logic forecast revenue of between $130 million and $150 million for the March quarter, lower than the $173. …

Comments are closed.

Categories

WEDNESDAY, APRIL 24, 2024
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments