Apple cuts orders for iPhone 5, weak demand cited

iPhone generic

NEW YORK –  Apple shares are falling in premarket trading after The Wall Street Journal reported the company has cut its orders for iPhone 5 components due to “weaker-than-expected demand.”

The newspaper reports two people it did not identify by name said Apple’s first-quarter orders for iPhone 5 screens have dropped to about half of what was expected.

The report claims Apple has cut other components too.

Apple reportedly informed suppliers last month.

Source: The Wall Street Journal

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