Apple Cuts Component Orders For iPhone5 As Demand Weakens

Keywords

A woman walks by an advertisement for the iPhone 5 at an Apple store... News PhotoAdult,Advertisement,Apple Computers,Apple Store,Business,Customer,Finance,Horizontal,Merchandise,New York City,Portable Information Device,Retail,Smart Phone,Store,Technology,Telephone,USA,Walking,Women,iPhone 5Photographer Collection: Getty Images News 2013 Getty ImagesNEW YORK, NY - JANUARY 14: A woman walks by an advertisement for the iPhone 5 at an Apple 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)