(Image Source: Bloomberg)

 

BY DAN KENNEDY
 
ANCHOR MEGAN MURPHY
 

Slow sales for the iPhone 5? The Wall Street Journal reports Apple is cutting orders for some of the device’s parts due to “weaker-than-expected demand.”

“Apple has asked its part suppliers, particularly its screen suppliers that make that LCD panel screen like Sharp... They’ve asked those companies to cut production in this current quarter up to 80%.”

The iPhone 5 was released in September and features a larger screen than previous models. Bloomberg reports Apple is facing increasing competition from Samsung because its Android-powered smartphones are cheaper than the iPhone.

“Samsung’s Galaxy S devices hit a milestone, selling more than 100 million devices. The company attributes most of the success to the new Galaxy S3.”

But Digital Trends says “it’s not as if sales of the iPhone are about to crash through the floor. Despite stiff competition from rivals such as Samsung, Apple continues to hold strong in the smartphone market.” But what about the stock market?

“We’re watching shares of Apple this morning and they’re down more than 3% in the premarket after the company reportedly cut orders for iPhone 5 parts due to weaker than expected demand.”

MacLife blog reports there are rumors of the iPhone 5S due by mid-year and that the company is working on a cheaper iPhone that could retail for under $100.

Apple Cuts Orders for iPhone 5 Components

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Jan 14, 2013

Apple Cuts Orders for iPhone 5 Components

(Image Source: Bloomberg)

 

BY DAN KENNEDY
 
ANCHOR MEGAN MURPHY
 

Slow sales for the iPhone 5? The Wall Street Journal reports Apple is cutting orders for some of the device’s parts due to “weaker-than-expected demand.”

“Apple has asked its part suppliers, particularly its screen suppliers that make that LCD panel screen like Sharp... They’ve asked those companies to cut production in this current quarter up to 80%.”

The iPhone 5 was released in September and features a larger screen than previous models. Bloomberg reports Apple is facing increasing competition from Samsung because its Android-powered smartphones are cheaper than the iPhone.

“Samsung’s Galaxy S devices hit a milestone, selling more than 100 million devices. The company attributes most of the success to the new Galaxy S3.”

But Digital Trends says “it’s not as if sales of the iPhone are about to crash through the floor. Despite stiff competition from rivals such as Samsung, Apple continues to hold strong in the smartphone market.” But what about the stock market?

“We’re watching shares of Apple this morning and they’re down more than 3% in the premarket after the company reportedly cut orders for iPhone 5 parts due to weaker than expected demand.”

MacLife blog reports there are rumors of the iPhone 5S due by mid-year and that the company is working on a cheaper iPhone that could retail for under $100.
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