FOX News: Bad Apple? Company reportedly cuts orders for iPhone 5 parts

FOX News FOXNews.com - Breaking news and video. Latest Current News: U.S., World, Entertainment, Health, Business, Technology, Politics, Sports. // via fulltextrssfeed.com

Bad Apple? Company reportedly cuts orders for iPhone 5 parts Jan 14th 2013, 13:01 Published January 14, 2013 Associated Press Sept. 12, 2012: Phil Schiller, Apple's senior vice president of worldwide marketing, speaks on stage during an introduction of the new iPhone 5 at an Apple event in San Francisco.AP Photo/Eric Risberg Sept. 12, 2012: Phil Schiller, Apple's senior vice president of worldwide marketing, gives prices of the iPhone 5 during an Apple event in San Francisco.AP Photo/Jeff Chiu Next Slide Previous Slide NEW YORK –  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 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 planned to order. The report says one of the sources told the newspaper that the U.S.-based 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. Related Stories No 'Death Star' for US, White House says Reddit co-founder kills self in New York, police say

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions