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    Apple Cuts Orders of iPhone 5 Parts

    FILE - In this Friday, Nov. 2, 2012, file photo, An Apple specialist hands over the new Apple iPad mini to be purchased at an Apple store, in San Francisco. Apple's stock is falling along with a sell-off in the broader market on Wednesday, Nov. 7, 2012. The stock of the world's most valuable company has now fallen more than 20 percent from its all-time high of $705.07, hit on Sept. 21. That was the day the latest iPhone went on sale. (AP Photo/Eric Risberg, File)

    Eric Risberg/AP

    Apple has cut orders for the components of its iPhone 5, and it’s probably due to weaker-than-expected demand. The company has cut orders for iPhone 5 screens by about half of what it had previously planned to order for the January-March quarter. Sources say there have been cuts to orders for other components as well. Apple has recently been facing challenges from Samsung and other smartphone makers. Apple's stock plunged Monday by more than $15 on the news. It's nearly 30 percent lower than it was at it's peak.

    Read it at The Wall Street Journal