Tuesday, January 15, 2013

Apple slashes iPhone 5 part orders after demand nosedives

Apple's shine sure is fading when it comes to iPhones.  The tech giant has slashed orders for iPhone 5 parts after weaker-than-expected demand and growing popularity of Android products, according to a new report in the NY Post

Citing sources familiar with the situation, the Wall Street Journal reported Monday that first quarter orders for iPhone 5 screens were roughly half of what Apple previously planned to order.  Orders for components other than screens were also cut.

Apple’s stock price dropped $17.45 or 3.4 percent to $502.85 in premarket trading Monday and the news comes as the company has been facing increased competition from Samsung and other makers of smartphones that run Google’s Android operating system….

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