New report from Asia says that Apple cut orders for iPhone 5 displays because of weak demand.
A new report from Japanese Nikkei (via Reuters) says that Apple has cut orders for iPhone 5 displays from Japan Display Inc, Sharp and LG Display because of weak demand. This news will likely impact the AAPL stock when markets open today.
The cut is supposed to be almost half of the planned 65 million parts ordered. This report is unconfirmed but fits to some analyst reports that see a weaker iPhone 5 demand. Apple needs a really cool new iPhone idea this year to not get totally demolished by Samsung in the smartphone market.