Weak demand leads Apple to halve iPhone 5 component orders

Apple has cut its iPhone 5 component orders by half due to ‘weaker-than-expected’ demand.

People ‘familiar with the situation’ told WSJthat Apple’s orders of iPhone 5 screens for the January-March quarter dropped by half of what the company had previously planned to order.

Also the company has cut orders for a number of other iPhone 5 components, which have not been specified yet, suggesting that the sales of the firm’s latest smartphone haven’t been as strong as expected.

Apple’s share price has fallen by more than a fifth since September.

MCV’s sister site PCR has the full story.