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(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.Follow @jamesjrogers
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