The big rumor this morning is that Apple is slashing component orders for the iPhone 5 due to decreased demands — at least that’s according to the WSJ and Nikkei (paywalled). These widely cited rumors have caused AAPL stocks to drop even further, hitting an 11-month low of just $504.25. The report has hurt other companies, too, such as Dialog Semi, who produces chips for the iPhone, and also suffered a major stock drop.
The Nikkei report said that Apple had cut its order from 65 million to around half that, a number that the WSJ originally reported, and then removed. The whole situation around this rumor has proven to be extremely murky, and as BGR points out, it has some major flaws. Chief amongst those is that the report doesn’t differentiate between the identical screens in the iPhone 5 and the new iPod Touch, and the fact that 65 million would have been a bizarrely high order number to begin with.
Apple’s upcoming quarterly earnings call is bound to be an interesting one in the environment of Apple-skepticism, and AppleInsider is calling it the most important in a decade.
It’ll be interesting to see what happens from here — and it’s kind of terrifying to think that a single news report can cause a stock to lose millions in value.