The Wall Street Journal is reporting that Apple recently notified its component suppliers that it will be halving its initial order projection for iPhone 5 screens for the first quarter of 2013.
The Cupertino, Calif., company has also cut orders for components other than screens, according to one of the people.
Apple notified the suppliers of the order cut last month, the people said.
The move indicates that sales of the new iPhone haven’t been as strong as previously anticipated and demand may be waning.
Is it perhaps possible that iPhone 5 demand is on the downward slope? It’s tough to say given how successful the iPhone 5 launch seemed to go. On the other hand, there’s no denying that Samsung’s line of Android smartphones are proving to be more than worthy competitors to the iPhone throne.
With Apple slated to release its earnings later this month, all eyes will be on its iPhone sales figures. Notably, shares of Apple are down below $500 for the first time since February of last year.