Apple Cuts Component Orders For iPhone5 As Demand Weakens

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Advertisements for the iPhone 5 are displayed at an mobile phone... News PhotoAdvertisement,Apple Computers,Business,Customer,Finance,Horizontal,Merchandise,Mobile Phone,New York City,Portable Information Device,Retail,Smart Phone,Store,Technology,Telephone,USA,Wireless Technology,iPhone 5Photographer Collection: Getty Images News 2013 Getty ImagesNEW YORK, NY - JANUARY 14: Advertisements for the iPhone 5 are displayed at an mobile phone store on January 14, 2013 in New York City. Responding to weaker than expected demand, Apple has cut orders for LCD screens and other parts for the iPhone 5 this quarter. Shares for the tech company fell more than 4 percent to $498.20 before the bell on Monday. Analysts see the slowing sales as evidence that the U.S. firm is losing ground to Asian smartphone rivals. (Photo by Spencer Platt/Getty Images)