Chipmaker Cirrus forecasts weak revenue; shares slide

Tech News Headlines - Yahoo News (Reuters) - Cirrus Logic Inc, whose audio chips are used in Apple Inc s iPhones and iPads, forecast current-quarter revenue that missed analysts average estimate, sending its shares down 5 percent after the bell. Shares of Cirrus Logic and other Apple suppliers closed lower in regular trading on Tuesday, after the world s most valuable technology company forecast weak revenue for the current quarter. Apple accounted for 82 percent of Cirrus Logic s revenue in fiscal 2013. Cirrus Logic forecast revenue of between $130 million and $150 million for the March quarter, lower than the $173. ...