Reuters: Technology News: Apple cuts LCD panel orders for iPhone 5 on weak demand: Nikkei

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Apple cuts LCD panel orders for iPhone 5 on weak demand: Nikkei Jan 14th 2013, 03:38 Tweet Share this Email Print Related News Galaxy powers Samsung to record $8.3 billion profit Tue, Jan 8 2013 Analysis: Apple bid for Samsung sales ban faces skeptical court Mon, Jan 7 2013 Hitting a high Note: 'phablets', chips to drive Samsung fourth quarter profit Mon, Jan 7 2013 Samsung expected to widen smartphone lead over Apple this year Fri, Jan 4 2013 Samsung drops attempt to ban Apple sales in Europe Tue, Dec 18 2012 Related Topics Investing and Taxes Simplified » Tech » An Apple iPhone 5 phone is displayed in the Apple Store on 5th Avenue in New York, September 21, 2012. Credit: Reuters/Lucas Jackson Sun Jan 13, 2013 10:38pm EST (Reuters) - Apple Inc has almost halved its order with suppliers of LCD panels for the iPhone 5 in the current quarter due to weak demand, the Nikkei reported on Monday. Apple has asked suppliers Japan Display Inc, Sharp Corp and South Korean company LG Display Co Ltd, to cut supply, down from an initial plan to order about 65 million units in the quarter, the Japanese daily said. Japan Display's plant in Nomi, Ishikawa Prefecture, where the iPhone maker has invested heavily, is expected to temporarily reduce output by 70 percent to 80 percent compared to the October to December period, the financial daily reported. Sharp's dedicated facility for iPhone 5 LCD panels in Mie Prefecture will lower production in January and February by about 40 percent from the October to December quarter, when it was near full capacity, the daily said. An Apple spokesperson was not immediately available for comment outside regular business hours. (Reporting by Avik Das in Bangalore; Editing by Richard Pullin) Investing and Taxes Simplified Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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