Apple’s older iPhones would no longer Comprise lightning-to-headphone jack adapters, the Organization’s website Revealed on Thursday, which according to Barclays would Harm audio chip supplier Cirrus Logic.
Shares of Cirrus, making analogue chips used in Apple devices, fell 3.8 percent to $39.46 (roughly Rs. 2,800). In fiscal 2018, Apple accounted for about 81% of Cirrus overall sales.
Cirrus didn’t immediately respond to request for comment and Apple declined to comment.
Assessing the iPhone 7 and iPhone 8 pages from last week to today, Barclays analyst Blayne Curtis wrote in a note he had discovered that Apple”will eliminate the dongle from its entire suite of phones.”
“While CRUS did acknowledge the dongle was out lately, it’s an additional negative they are also taking away the dongle from the older products,” Curtis explained.
Apple introduced new iPhones, including its largest-ever iPhone along with a watch that detects heart problems on Wednesday.