New reports indicate that Apple has cut orders for the LCD panels and memory chips used in the iPhone 5.
Demand for the iPhone, once an indefatigable driver of the smart-phone market, may finally be slipping.
According to separate reports in The Wall Street Journal and Reuters, Apple has slashed orders of LCD panels produced by LG, Sharp, and Japan Display. Reuters, which sources its article to Nikkei newswire, says Apple had initially asked for 65 million screens in the period extending from January to March; it is now reportedly asking for half of that. In addition, Apple could also be reassessing orders for memory chips.