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WSJ Reports Apple Slashes Parts Orders in Wake of Weak iPhone 5 Sales

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Apple’s share price plummeted this morning, dropping by $16.23 to $505.00 after reports from the Wall Street Journal that Apple had cut parts orders (screens and other miscellaneous components) by as much as half as a result of a lower than expected demand for the iPhone 5.

Image courtesy of iphoneinformer.com

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