Apple Cuts Component Orders For iPhone5 As Demand Weakens

NEW YORK, NY - JANUARY 14: Advertisements for the iPhone 5 are displayed at a mobile phone store on January 14, 2013 in New York City. Responding to weaker than expected demand, Apple has cut orders for LCD screens and other parts for the iPhone 5 this quarter. Shares for the tech company fell more than 4 percent to $498.20 before the bell on Monday. Analysts see the slowing sales as evidence that the U.S. firm is losing ground to Asian smartphone rivals. (Photo by Spencer Platt/Getty Images)
NEW YORK, NY - JANUARY 14: Advertisements for the iPhone 5 are displayed at a mobile phone store on January 14, 2013 in New York City. Responding to weaker than expected demand, Apple has cut orders for LCD screens and other parts for the iPhone 5 this quarter. Shares for the tech company fell more than 4 percent to $498.20 before the bell on Monday. Analysts see the slowing sales as evidence that the U.S. firm is losing ground to Asian smartphone rivals. (Photo by Spencer Platt/Getty Images)
Apple Cuts Component Orders For iPhone5 As Demand Weakens
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