01.14.13 12:45 PM ET
Apple's Newest: The iFail
Seems the iPhone 5 isn't exactly flying off the shelf. (I blame that stupid new firewire). Per the Wall Street Journal:
Apple Inc. AAPL -0.62% has cut its component orders for the iPhone 5 due to weaker-than-expected demand, people familiar with the situation said Monday, indicating sales of the latest smartphone haven't been as strong as previously anticipated.
Apple's orders for iPhone 5 screens for the January-March quarter, for example, have dropped to roughly half of what the company had previously planned to order, the people said.
The Cupertino, Calif., company has also cut orders for components other than screens, according to one of the people.