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January 14, 2013 08:08 pm GMT
Original Link: http://feeds.mashable.com/~r/Mashable/~3/gEZrsxAv7fo/
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…
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