Is demand for the iPhone 5 waning? That is reportedly the case, according to a report in the Wall Street Journal. On Monday, the newspaper cited multiple people "familiar with the situation" who said Apple had cut back orders for iPhone 5 components, including screens and other parts, following the "weaker-than-expected" demand. In fact, the sources claim Apple dropped its orders to just half of what it previously planned, sparking concern among both investors and the Apple community about Apple's future with the iPhone.
The WSJ's report was corroborated by similar reports from the Nikkei, a Japanese stock index, which said Apple asked Sharp and LG Display to halve the supplies of LCDs this quarter.
The news didn't bode well for Apple's shares, which briefly fell below $500 for the first time in almost a year when the exchanges opened on Monday morning. (Shares have since risen again to $505 as of this writing.) Investors are apparently concerned about the iPhone's future; when combined with Samsung's rising market share in the smartphone space (over 31 percent for the third quarter of 2012, according to IDC, compared to Apple's 14.6 percent), it certainly appears as if demand is shifting in the direction of non-iOS devices.
Apple did not respond to requests for comment on Monday. All eyes will be on the company when it reports earnings for the first fiscal quarter of 2013 on January 23.
Source: http://feeds.arstechnica.com/~r/arstechnica/index/~3/AuSS66SkiQg/
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