3 Brilliant Ways Cirrus Logic Is Investing in the Future
Cirrus Logic (NASDAQ: CRUS) is known primarily for the audio chips it supplies to smartphone manufacturers. This has long been the company's biggest source of revenue, with Apple alone contributing 76% of sales in the most recent quarter. As Cirrus looks to the future, however, it's eyeing a trio of large opportunities that are right in its wheelhouse. At a pair of recent conference appearances, CEO Jason Rhode provided insight into the bets the company is making in digital headsets, microphones, and voice biometrics.
Although Apple introduced its wireless AirPods last year, the Android market has not adopted digital headsets as quickly as Cirrus had originally expected. However, Rhode noted that with Android OEMs now transitioning from micro-USB to USB-C connectivity, the trend toward digital headsets is accelerating.
Image source: Cirrus Logic
Source: Fool.com
Cirrus Logic Inc. Stock
Cirrus Logic Inc. is currently one of the favorites of our community with 12 Buy predictions and no Sell predictions.
As a result the target price of 92 € shows a slightly positive potential of 12.88% compared to the current price of 81.5 € for Cirrus Logic Inc..
