Apple Cuts Component Orders For iPhone5 As Demand Weakens

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Advertisements for the iPhone 5 are displayed at a mobile phone store... News PhotoAdvertisement,Apple Computers,Business,Customer,Finance,Horizontal,Merchandise,Mobile Phone,New York City,Portable Information Device,Retail,Smart Phone,Store,Technology,Telephone,USA,Wireless Technology,iPhone 5Photographer Collection: Getty Images News 2013 Getty ImagesNEW 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)