On Monday, Jim Cramer of CNBC stated that an earnings report in regards to the demand of the iPhone 7. By the looks of it, it seems to be like a clue that was seen from a company that deals with audio technology. Jason Rhode, the CEO of Cirrus Logic which is a company that deals with audio semiconductors stated even though the company’s overall outlook may look sunnier, however, there are no expectations by him in regards to the outlandish growth of the unit when it came to the mobile market. This was based on the call transcript that FactSet had transcribed after listening to the earnings conference call.
Even though there was no direct mention about the iPhone maker, however the intense interest was noted by Rhode in relation to the largest customers amongst the investors. This could easily be understood that it was in Reference to Apple. It is said that by September, there are expectations that Apple may just announce officially about a new iPhone.
Rhode further stated that presently when it came to providing guidance, they declined it, however, he stated in regards to the model that they have, if they had something in store then he wanted to have a look at the handful for the last year’s for the months of September through December. Pertaining to the sequential growth and spectrum, low end appears to be in order to be conservative.
Even a few of the comments that was made by Rhodes was being read by a few analysts where it was noted that in comparison to the iPhone 6s, a little more caution was taken by the company pertaining to the built of the iPhone 7. With this you can say that the results that had been provided by Jun Want and John Vinh, the analyst of KeyBanc were consistent regards their analysis about the results for various iPhone suppliers including Knowles, Texas Instruments and Skyworks.
