Cupertino giants Apple inc, have reportedly cut back manufacturing orders on their 16:9 iPhone 5 Retina displays. Apple have apparently cut back their orders to half the original quantity and analysts say that this signals a decrease in demand. The California giants have also reportedly cut back orders for other screen sizes as well.
Apples market share has been significantly reduced by lower-priced Android based tablets and smartphones as Samsung’s Galaxy range slowly inches closer to the throne of the smartphone kingdom.
Apple has also reportedly reduced its earnings estimates for the Fiscal year 2013/2014 and lowered the stock’s target price to $700 from $780.
Most apple fans are just waiting for the price reduction