{"id":653039,"date":"2013-04-17T19:30:33","date_gmt":"2013-04-17T23:30:33","guid":{"rendered":"http:\/\/bgr.com\/?p=445786"},"modified":"2013-04-17T19:30:33","modified_gmt":"2013-04-17T23:30:33","slug":"lackluster-iphone-demand-cited-for-cirrus-revenue-miss","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/653039","title":{"rendered":"\u2018Lackluster iPhone demand\u2019 cited for Cirrus revenue miss"},"content":{"rendered":"<p><center><a href=\"http:\/\/bgr.com\/2013\/04\/17\/iphone-sales-2013-analysis-445786\/\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/i2.wp.com\/boygeniusreport.files.wordpress.com\/2012\/12\/iphone-5-apple-235.jpg?resize=610%2C436\" class=\"attachment-feed_normal wp-post-image\" alt=\"Possible &#039;lackluster iPhone demand&#039; cited for Cirrus revenue miss\" title=\"iPhone 5\" width=\"610\" height=\"436\" \/><\/a><\/center>Apple&#8217;s shares got hammered again on Wednesday and one major reason was the lackluster earnings guidance provided by chip vendor\u00a0Cirrus Logic, which <a href=\"http:\/\/bgr.com\/tag\/apple\">Apple<\/a> has long used as a supplier for <a href=\"http:\/\/bgr.com\/tag\/iphone\">iPhone<\/a> audio chips. <a href=\"http:\/\/blogs.barrons.com\/techtraderdaily\/2013\/04\/17\/this-morning-cirrus-effect-hits-aapl-next-up-haswell-a-yhoo-upgrade\/\"><em>Barron&#8217;s<\/em> points us<\/a> to a new note from Needham &amp; Co. analyst\u00a0Vernon Essi Jr., who claims that one big reason Cirrus will miss consensus on its quarterly revenues is because Apple is &#8220;losing its mobility mojo.&#8221; In particular, Essi says that the guidance &#8220;indicates that the recent fears of Apple\u2019s <a href=\"http:\/\/bgr.com\/2013\/04\/09\/iphone-sales-q2-2013-canaccord-425613\/\">lackluster iPhone demand in 2013<\/a> are warranted&#8221; and that sales &#8220;are more likely in the 55M range for 1H2013 vs. Street forecasts that are above 60M units.&#8221; Earlier this week\u00a0R.W. Baird analyst\u00a0William Power projected that <a href=\"http:\/\/bgr.com\/2013\/04\/15\/spring-iphone-sales-could-be-further-depressed-by-later-than-usual-ipad-launch-439414\/\">iPhone sales were likely to come in lower than previously projected because of increased competition and because Apple may not launch a new version of its iPad<\/a>, as it has done in previous spring quarters.<img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheBoyGeniusReport\/~4\/56Ok2n7FI6Q\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apple&#8217;s shares got hammered again on Wednesday and one major reason was the lackluster earnings guidance provided by chip vendor\u00a0Cirrus Logic, which Apple has long used as a supplier for iPhone audio chips. Barron&#8217;s points us to a new note from Needham &amp; Co. analyst\u00a0Vernon Essi Jr., who claims that one big reason Cirrus will [&hellip;]<\/p>\n","protected":false},"author":7438,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-653039","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/653039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7438"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=653039"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/653039\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=653039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=653039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=653039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}