Apple Cuts Component Orders For iPhone5 As Demand Weakens

NEW YORK, NY - JANUARY 14: People walk in front of the 5th avenue Apple store on January 14, 2013 in New York City. Responding to weaker than expected demand, Apple has cut orders for LCD screens and other parts for the iPhone 5 this quarter. Shares for the tech company fell more than 4 percent to $498.20 before the bell on Monday. Analysts see the slowing sales as evidence that the U.S. firm is losing ground to Asian smartphone rivals. (Photo by Spencer Platt/Getty Images)