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What: Shares of fabless semiconductor company Cirrus Logic
So what: Cirrus, which makes audio technology for Apple's
Now what: As goes Apple, so goes Cirrus. The company currently relies on Apple for roughly 70% of its revenue, so the huge boost can only mean one thing: The iPhone 5 release is going to be huge. Either Cirrus has added to its impressive license wins with the iPhone 5 or it's been chosen for the iPad Mini. Regardless of whether it's one, the other, or both, this is another reason to be excited about Cirrus Logic. It's leading the field in audio innovation (amplifiers, noise suppression, and echo cancellation) and that's translating into big bottom-line results.
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