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.
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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.