Shares of Apple Inc supplier Cirrus Logic Inc tumbled about 12% after a renowned analyst said the iPhone maker will abandon the solid-state button design for premium variants of its iPhone 15 series of smartphones.
tumbled about 12% after a renowned analyst said the iPhone maker will abandon the solid-state button design for premium variants of its iPhone 15 series of smartphones.
Kuo said the iPhone 15 Pro smartphones were in the Engineering Validation and Testing stage and Apple had the room to modify its design, adding the decision was also unfavorable for another supplier Hong Kong-listed AAC Technologies HoldingsShares of integrated circuit maker Cirrus Logic have hit their lowest in over two months and are set for their worst day in about two years.
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