This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Apple's Stock Falls, Pulling Down Component Makers (Update1)

(Updates share prices of Apple and its component partners.)

NEW YORK ( TheStreet) -- Shares of Apple (AAPL - Get Report) and some of its key partners slipped on Monday following a media report that the tech company has cut iPhone component orders.

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.

The rumor also weighed on Apple iPhone component suppliers Skyworks Solutions (SWKS - Get Report) and Cirrus Logic (CRUS - Get Report), pushing their shares down 0.84% and 8.5%, to $21.19 and $28.89, respectively.

Avago (AVGO - Get Report), which has a power amplifier module and a duplexer module within the iPhone 5, was down 0.55% to $34.15, while TriQuint (TQNT) was down 1.46% to $5.07.

Launched in a blaze of publicity in September, the iPhone 5 shattered the company's pre-order records, and was lauded by the Cupertino, Calif.-based firm as the fastest-selling phone in history.

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.

>To submit a news tip, send an email to:

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
TQNT $80.94 -1.47%
AAPL $93.74 0.00%
AVGO $145.75 0.00%
CRUS $36.10 0.00%
SWKS $66.82 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs