Apple cuts orders for iPhone 5 parts on weak demand: Nikkei
(Reuters) – Apple Inc has cut orders for LCD screens and other parts for the iPhone 5 this quarter due to weak demand, the Nikkei reported on Monday, in a further sign the U. S. firm is losing ground to Asian smartphone rivals. Shares of the Cupertino, California-based company fell more than 4 percent to $498. 20 before the bell on Monday. They closed at $520. 30 on Friday on the Nasdaq. The news also dragged shares of Apple suppliers such as Cirrus Logic Inc and Qualcomm Inc. . . .
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