Apple’s Elderly iPhones would no longer Comprise lightning-to-headphone jack adapters, the company’s Site showed on Thursday, which according to Barclays would hurt audio chip Provider Cirrus Logic.
Shares of Cirrus, which makes analogue chips used in Apple devices, dropped 3.8 per cent to $39.46 (approximately Rs. 2,800). In financial 2018, Apple accounted for approximately 81% of Cirrus total sales.
Assessing the iPhone 7 and iPhone 8 pages from last week to today, Barclays analyst Blayne Curtis wrote in a note he had discovered that Apple”will remove the dongle from the entire suite of phones.”
“While CRUS did acknowledge the dongle was out lately, it is an additional negative they are also taking away the dongle in the older products,” Curtis explained.
Apple introduced new iPhones, including its largest-ever iPhone along with a watch that finds heart problems on Wednesday.