Cirrus Logic Inc shares plunged after an analyst at TF International issued a warning that muddied the outlook for several suppliers of Apple Inc (NASDAQ:AAPL), ahead of the potential September 2023 launch of the company's next-generation iPhone 15 Pro and iPhone 15 Pro Max models. "My latest survey indicates that due to unresolved technical issues before mass production, both high-end iPhone 15 Pro models (Pro & Pro Max) will abandon the closely-watched solid-state button design and revert to the traditional physical button design," said TF International analyst Ming-Chi Kuo.
Cirrus Logic plunges as analyst warns that Apple may abandon solid-state button in iPhone 15