Shares of Cirrus Logic, Inc. (CRUS) are sliding more than 10 percent on Wednesday morning trade after analysts at TF International issued a warning on Apple suppliers, prior to its launch of iPhone in September 2023. Analysts said Apple will abandon the solid-state button in iPhone 15 Pro models will abandon.
The shares of Austin-based developers of audio semiconductors smartphones have been on a decline after reaching a year-to-date high by end of March.
Currently, shares are at $91.00, down 10.34 percent from the previous close of $101.82 on a volume of 1,581,224.
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