Tag : iphone demand reduced

Apple shares take a beating amidst reduced iPhone 5 order rumors

Reports suggesting that Apple has reduced its orders for the iPhone 5 display panel by half have resulted in a 3.5% fall in the shares of the Cupertino based company.Screen Shot 2013-01-15 at 12.18.33 PM

Speculation is ripe that Apple has reduced the iPhone screen orders as demand seems to have fallen for them in the wake of intense competition, namely from arch rival Samsung.

Samsung has already overtaken Apple as the world’s largest Smartphone vendor by market share. The Galaxy S series of Samsung Smartphones have managed to sell 100 million units as of Monday, which is a testament to its ever rising popularity.
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Weak demand forces Apple to cut iPhone screen orders, according to reports.

All’s not well for Apple, it seems. According to the Wall Street Journal, Apple has cut its orders last month for iPhone5 screens for the first quarter of the 2013 calendar year by roughly half its original target,  a possible sign that demand for the Smartphone is not quite as strong as Apple expected. It has also reportedly trimmed orders for other screen sizes as well.Screen Shot 2013-01-14 at 11.48.51 AM

 

Analysts had earlier predicted that Apple would face challenges selling the iPhone and iPad this year in the face of intense competition from its android powered rivals, namely Samsung, who reported a record profit last quarter.

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