Cirrus Logic rises as analyst calls it 'primary winner' to potential iPhone change
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Cirrus Logic (NASDAQ:CRUS) shares rose nearly 3% on Wednesday as an influential tech analyst called the semiconductor company the "primary winner" of a potential change Apple (NASDAQ:AAPL) may make to the next version of the iPhone.

TF International Securities analyst Ming-Chi Kuo tweeted that Apple (AAPL) is likely to cancel physical buttons and move to solid-state buttons on the high-end models of the iPhone 15, with Cirrus Logic (CRUS) as the primary beneficiary. Kuo added the high-end iPhone 15 models will also have Taptic Engines to "simulate the feel of physical buttons' force feedback."
"As the exclusive supplier of Taptic Engine's controller IC for solid-state buttons, Cirrus Logic stands to benefit markedly from this new design," Kuo wrote.
The analyst added that if iPhone users like the new design, it could be adopted in other high-end product lines in the future.
Apple (AAPL) shares gained more than 1.5% in mid-day trading on Wednesday.
Investment firm Wedbush Securities recently said Apple (AAPL) remains the firm's top pick for an "overlooked" tech sector in 2023.