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.
The proposed all-stock transaction sets an exchange of 4.5 Marvell shares per Lumentum share and targets a first-half 2028 close.
Apple forecast holiday-quarter revenue growth of 7% to 10%, below its September-quarter pace, while higher memory costs weighed on its profit outlook.
Apple plans to raise about $7 billion through a bond sale to help fund share buybacks, with Bloomberg Intelligence's Robert Schiffman calling its return opportunistic rather than driven by funding needs.