Cirrus Logic was trading 2.2% lower ahead of the Oct. 15 U.S. session. The rating action came from KeyBanc, which pointed to Apple’s iPhone unit projections.
KeyBanc’s assessment pointed to the possibility of lower iPhone unit sales in 2027.
Investing / Technology
KeyBanc cited Apple’s iPhone unit projections and the possibility of lower unit sales in 2027.

Cirrus Logic was trading 2.2% lower ahead of the Oct. 15 U.S. session. The rating action came from KeyBanc, which pointed to Apple’s iPhone unit projections.
KeyBanc’s assessment pointed to the possibility of lower iPhone unit sales in 2027.
Its prior $0.2105 distribution was payable Oct. 8, with Oct. 14 set as the ex-dividend and record date.
Michael Legg tied the coverage rationale to the company's effort to make products that address problems.
The board kept the quarterly rate at $0.52 per share and set Oct. 25 as the record date; payment is scheduled for Nov. 5.