Apple cuts orders for iPhone 5 parts on weak demand-Nikkei | Reuters

Apple cuts orders for iPhone 5 parts on weak demand-Nikkei
| Reuters

(Reuters) - Apple Inc has cut orders for LCD screens and other parts for the iPhone 5 this quarter due to weak demand, the Nikkei reported on Monday, in a further sign the U.S. firm is losing ground to Asian smartphone rivals.
Apple has asked Japan Display Inc, Sharp Corp and South Korea's LG Display Co Ltd to roughly halve supplies of LCD panels from an initial plan for about 65 million screens in January-March, the Japanese daily said, citing people familiar with the situation, adding the U.S. firm also cut orders for other iPhone components.