SOURCE: Research Driven Investing

Research Driven Investing

January 16, 2013 08:20 ET

Apple Cuts Shipments of iPhone 5 Screens and Components Due to Weak Sales

Research Driven Investing Provides Stocks Research on STMicroelectronics and Texas Instruments

NEW YORK, NY--(Marketwire - Jan 16, 2013) - Apple chip supplies fell Monday after reports that weaker-than-expected demand for the iPhone 5 have caused the company to cut orders for iPhone parts. Shares of Apple fell below the $500 mark for the first time since February. Research Driven Investing examines investing opportunities in the Semiconductor Industry and provides equity research on STMicroelectronics N.V. (NYSE: STM) and Texas Instruments Inc. (NASDAQ: TXN).

Access to the full company reports can be found at:
www.RDInvesting.com/STM
www.RDInvesting.com/TXN

The Wall Street Journal, citing "people familiar with the situation", reported that Apple has cut orders of screens and other handset components. Orders of iPhone 5 screens for the January-March quarter have fallen to approximately 50 percent of what Apple had initially planned, according to the WSJ. Samsung, makers of the popular Android-based Galaxy phones, has surpassed Apple as the world's largest smartphone merchant. In the third quarter, Apple was responsible for 14.6 percent of world-wide smartphone shipments, while Samsung's market share grew to 31.3 percent.

"The move indicates that sales of the new iPhone haven't been as strong as previously anticipated and demand may be waning," the WSJ stated.

Research Driven Investing releases regular market updates on the Semiconductor Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.RDInvesting.com and get exclusive access to our numerous stock reports and industry newsletters.

STMicroelectronics focuses its product strategy on sense and power technologies, automotive products, and embedded-processing solutions. Apple's iPhone 5 currently uses a gyroscope made by STMicroelectronics. The company is scheduled to release its fourth quarter/full year 2012 earnings after market close on January 30th.

Texas Instruments' chips are used in a wide variety of products, and are the largest producer of analog chips. The iPhone 5 currently uses a touchscreen chip produced by Texas Instruments, according to a teardown completed by iFixit. The company is scheduled to release its fourth quarter 2012 year-end 2012 results after market on Tuesday, January 22th.

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