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.
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.
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.