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Apple is chiefly what has driven Cirrus' growth over the last few years. And by all counts, their relationship with Apple going forward is strong. The next big driver for Cirrus will be LED lighting....esp once the price for LEDs come down. They should starting seeing revenues from that front accelerate later this year. Cirrus provides the chips that make the existing lighting infrastructure dimmer compatible. The market for LED will be quite large in a few years. The CEO Jason Rhode stated in the last analyst conference call that revenues will be "sharply higher" in the Sept and Dec quarters (and he's known to be very conservative in his speech about prospects). They were already growing at a nice clip in recent years. It'll be interesting to see how much revenue does grow. They didn't attach any numbers to the growth figures. Overall, the semiconductor space should continue to do well in 2013.
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