Apple Shares Fall Below $500 With iPhone Orders Sagging

Published: Monday, January 14, 2013 at 10:51 p.m.

Last Modified: Monday, January 14, 2013 at 10:51 p.m.

Apple shares are down 4 percent in morning trading, putting them below the $500 mark for the first time since February. The drop came after The Wall Street Journal reported the company has cut its orders for iPhone 5 components because of 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 previously planned to order.

Apple Shares Fall Below $500 With iPhone Orders SaggingTheLedger.comJanuary 14, 2013 10:51 PM

<p>Apple shares are down 4 percent in morning trading, putting them below the $500 mark for the first time since February. The drop came after The Wall Street Journal reported the company has cut its orders for iPhone 5 components because of 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 previously planned to order.</p><!-- Nothing to do. The paragraph has already been output -->

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Source: http://www.theledger.com/article/20130114/news/130119640

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