Cirrus Logic ( CRUS 2.21% ) released its fiscal third-quarter earnings results earlier this week, and the conference call the company hosted was full of great information regarding the company's outlook for the audio-processing market. After it was revealed that Cirrus lost an SoC, or system on chip, in Apple 's ( AAPL 0.59% ) iPad Air to Maxim Integrated Products ( MXIM ), analysts had a few questions on Cirrus' competitive advantages going forward.