Apple Cuts Orders for iPhone 5 Components

Joseph Byrne Tuesday, January 15, 2013

One of the biggest surprises to come out of the business world is the news that Apple is cutting orders for components for its monumental, and magical, iPhone 5. This news comes after reports that sales for the smartphone that was released in October have fallen off drastically.

Reports are coming from the Wall Street Journal that the Cupertino, Calif. has halved their order for the screens for the iPhone 5 and does not plan on increasing those orders. This move, of course, prompted a small sell off of Apple stocks on Monday. However, can you really feel bad for a company that has seemingly taken over the world?

The cutting of orders, however, is a sign that sales of the new iPhone haven’t been as strong as previously expected and demand may be waning. It comes as the company has been facing increased competition from Samsung Electronics Co. and other makers of smartphones that run Google Inc.‘s Android operating system.

The numbers that come out for the last half of 2012 are quite telling. Android devices accounted for 75 percent of smartphone shipments during the three months ending in September, up from 58 percent at the same time in 2011, according to the research firm IDC. The iPhone’s share stood at 15 percent in September, up from 14 percent in the previous year.

However, I am not sure where all these Android phones are? As I walk around Long Island and meet with many business owners and marketers, all I see are iPhones and iPads.

Business News

Apple Cuts Orders for iPhone 5 Components

To advertise your business with Long Island Yellow Pages™ please call 631-306-2000