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Apple cuts orders for iPhone 5 parts on weak demand: Nikkei |
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Yahoo! Computer Security
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01/14/2013 at 07:19:07 |
 (Reuters) - Apple Inc has cut orders for LCD screens and other parts for the iPhone 5 this quarter due to weak demand, the Nikkei reported on Monday, in a further sign the U.S. firm is losing ground to Asian smartphone rivals. Shares of the Cupertino, California-based company fell more than 4 percent to $498.20 before the bell on Monday. They closed at $520.30 on Friday on the Nasdaq. The news also dragged shares of Apple suppliers such as Cirrus Logic Inc and Qualcomm Inc. ...
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