Apple Cutting Orders For iPhone 5 Parts

Published On: Jan 14 2013 07:55:16 AM EST
NEW YORK (AP) -

Apple shares are falling in premarket trading after The Wall Street Journal reported that the company has cut its orders for iPhone 5 components due to weaker-than-expected demand.

The newspaper says that two people it did not identify by name told it that Apple's first quarter orders for iPhone 5 screens have dropped to about half of what the company had previously planned to order.

It says one of the sources told the newspaper that the Cupertino, Calif., company has also cut orders for components other than screens. The Journal says it was told Apple notified the suppliers of the order cut last month.

Apple didn't immediately return an email seeking comment.

Apple shares dropped $18.81, or 3.6 percent, to $501.49 in premarket trading Monday.

Comments

The views expressed below are not those of News4Jax or its affiliated companies. By clicking on "Post," you acknowledge that you have read the Terms of Service and your comment is in compliance with such terms. Readers, please help keep this discussion respectful and on topic by flagging comments that are offensive or inappropriate (hover over the commenter's name and you'll see the flag option appear on right side of that line). And remember, respect goes both ways: Tolerance of others' opinions is important in a free discourse. If you're easily offended by strong opinions, you might skip reading comments entirely.

blog comments powered by Disqus