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In a season filled with chipmaker warnings, Cirrus Logic (CRUS) is preannouncing in the opposite...

In a season filled with chipmaker warnings, Cirrus Logic (CRUS) is preannouncing in the opposite direction: the company says it expects FQ3 revenue of $122M, well above a consensus of $105.1M, and is also guiding for FQ4 revenue of $105M, above a $98.5M consensus. Cirrus' announcement could be another indication of strong iPhone demand, given it supplies an audio codec chip for the 4S. Shares +7.4% AH.
Comments (1)
  • Analysts should just estimate Apple's iPhone 4S sales at 50 million units for the 1st Quarter and call it a day. That way the analysts could just sit back, stop updating their estimates daily and wait for actual numbers.
    9 Jan 2012, 05:27 PM Reply Like
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