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) 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) and Cirrus Logic ( CRUS), pushing their shares down 0.84% and 8.5%, to $21.19 and $28.89, respectively.

Avago ( AVGO), 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: tips@thestreet.com.

More from Technology

These 5 Tech Giants Still Aren't That Expensive

These 5 Tech Giants Still Aren't That Expensive

Intel CEO Brian Krzanich's Ouster Proves CEOs Aren't Above the Rules

Intel CEO Brian Krzanich's Ouster Proves CEOs Aren't Above the Rules

Amazon, Microsoft and Google Face Backlash over ICE, Military Deals

Amazon, Microsoft and Google Face Backlash over ICE, Military Deals

As Intel Loses Its CEO, How Well Can It Compete Against Nvidia?

As Intel Loses Its CEO, How Well Can It Compete Against Nvidia?

3 Great Stock Market Sectors Millennials Should Invest In

3 Great Stock Market Sectors Millennials Should Invest In