APPLE DIPS BELOW $500 ON OLD NEWS $AAPL $QCOM $CRUS $AVGO $BRCM
Apple’s stock fell below $500 in the premarket as both The Wall Street Journal and Japan’s Nikkei reported that Apple had cut orders for screens and other parts for the iPhone 5.
According to Nikkei, Apple has asked Japan Display, Inc., Sharp Corp, and LG Display to cut the orders for the iPhone 5 screens by about one half. According to the report Apple has also cut orders for other iPhone components.
Previously extremely bullish Apple investors are so jittery now that in the premarket they sold the stock below $500. Also sold off were Apple component suppliers such as Cirrus Logic (CRUS), QUALCOMM (QCOM), Avago Technologies (AVGO), and Broadcom (BRCM).… Please click here or the title below to read more.
January 14, 2013