Current shares of stock in Cirrus Logic have seen recent surges as high as 7.5 percent, which has exceeded expectations after the company's newly released fancy ear buds have grown in popularity. This type of digital technology is expected to be paired more and more with future releases of Apple devices, and this supplier is also on track to keep supplying more audio chips to the tech giant.
Throughout 2016, the stock value of Cirrus Logic has grown by 94 percent; the trend is so far projected to continue into 2017. Among all the other companies in the Philadelphia Semiconductor Index, Cirrus is the third best performer on Wall Street so far.
With Apple's discontinuation of the standard headphone jack in the iPhone 7, the Cirrus audio chips are now standard in each set of headphones shipped with these new devices. Future releases of headphones from Apple will have even more sophisticated versions of this digital technology.
According to analyst Matthew Ramsay, third-party headset vendors will need to develop and include an adapter with any of their products they want to be compatible with the iPhone 7 and later Apple devices. Cirrus is also seeing much greater market potential from Android, as this smartphone manufacturer is switching to the newer USB-C connectors.
Cirrus Logic: Investing in Audio & Voice Leadership