Apple's Stock Falls, Pulling Down Component Makers (Update1)
(Updates share prices of Apple and its component partners.)
The Wall Street Journal on Sunday said Apple reduced component orders for its iPhone 5 because of "weaker-than-expected" demand during its January-to-March quarter.
Apple has not yet responded to TheStreet's request for comment. The company's shares fell 3.2% to $503.86 as of 12:35 p.m. New York time.
Apple sold a total of 26.9 million iPhones, including the newly launched iPhone 5, during its fiscal fourth quarter ending in September, up from 17.1 million a year earlier.
In November, tech research firm Strategy Analytics estimated that Apple sold 6 million iPhone 5s during the September quarter and predicted that the device would out-ship Samsung's Galaxy S3 during the fourth quarter to become the world's most popular smartphone model.
-- Written by James Rogers in New York.
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