Andre Yoskowitz
13 Jan 2013 23:46
According to the WSJ, Apple has begun cutting component orders for the iPhone 5 due to weak demand.
For example, Apple has cut its orders for iPhone 5 displays by 50 percent for the January-to-March quarter, say the sources.
Additionally, the company is slashing orders for other components, as well, letting their suppliers know over the last month.
If accurate, the news is a massive blow for Apple, who was banking on strong iPhone 5 sales to better compete with Samsung in the race for global smartphone dominance.
During the fourth quarter of 2011, Apple had a 23 percent market share of global smartphone shipments. That number fell to 14.6 percent by the Q3 2012. Samsung, on the other hand, rose to 31.3 percent in the quarter thanks to the popularity of their Android workhorses, the Galaxy S III and Galaxy Note II.