Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
January 14, 2013 08:08 pm GMT

Apple Drops Below $500 on Reports of Weak iPhone 5 Demand


Apple's stock briefly dipped below $500 a share on Monday for the first time this year, falling as low as $498 a share, a decline of more than three percent from Friday's closing price of $520.30.

The stock's decline comes after reports in The Wall Street Journal and Reuters suggested demand for the latest iPhone has been lower than expected.

The Journal cited "people familiar with the situation" who said that Apple has cut its orders for iPhone 5 screens in half for the March quarter. Likewise, Reuters cited Nikkei, a leading Japanese business daily publication, which reports that Apple has asked its LCD suppliers to halve its initial order of 65 million screens for the iPhone 5, in…
Continue reading...

More About: apple, iphone


Original Link: http://feeds.mashable.com/~r/Mashable/~3/gEZrsxAv7fo/

Share this article:    Share on Facebook
View Full Article

Mashable

Mashable is the top source for news in social and digital media, technology and web culture.

More About this Source Visit Mashable