On Thursday evening after the close, Cirrus Logic (CRUS) along with Qorvo (QRVO) issued warnings that the December quarter revenue would miss prior estimates. Since both companies are Apple (AAPL) iPhone suppliers, the news appears to confirm the supply chain reports of 30% cuts to iPhone 6s/6s+ orders. The curious part of the Cirrus Logic warning is that the company is still guiding towards revenue growth. According to Reuters, the company obtains 75% of revenues from Apple via supplying audio chips. So matching a revenue warning that still leads to strong growth is hard to tie the actual impact back to Apple. In the press release, Cirrus guided to FQ3 revenues of $347 million, down substantially below consensus revenue of $386 million. The company generated revenue of $298 million last year still predicting growth of 16%. The CEO made the following statement about the warning: “Our preliminary revenue results reflect weaker than anticipated demand for certain portable audio products. This weakness escalated over the last few weeks of December and is expected to continue to significantly impact our revenue in the March quarter." My general question is whether the issue is even related to the iPhone considering the blame was placed on portable audio products. Regardless, the company was very bullish on the future expecting strong growth in FY17 revenues. As for Apple, the impact from a supplier that still expects 16% revenue growth after having a blowout Sept quarter is difficult to calculate. The timing of supplies and the potential for an over build of the new iPhone doesn't necessarily suggest doom for the iPhone 6s/6s+ end user demand. Nor did the warning from Cirrus Logic predict any long-term doom for the sector and especially Apple. Disclosure: Long AAPL.