[Reuters] Apple cuts orders for iPhone 5 parts on weak demand: Nikkei

Posted by: UGN Security

[Reuters] Apple cuts orders for iPhone 5 parts on weak demand: Nikkei - 01/14/13 06:50 PM

(Reuters) - Shares in Apple Inc dipped below $500 for the first time in almost one year after reports it is slashing orders for screens and other components as intensifying competition erodes demand for its latest iPhone.