Apple Inc. suffered its third consecutive daily drop, closing below $500 — something it hasn’t done in almost a year. On Monday, Apple fell 3.6 percent. The concern is that demand for the iPhone 5 is slowing. The Nikkei newswire said orders for iPhone 5 parts have been cut 50 percent due to slow sales. Shares of Sharp and other suppliers to Apple also declined. Yet, Barclays analyst Jones Ku said, ‘‘The actual order cut for iPhone 5s in the first quarter is exaggerated.’’
Apple closes below $500 on 3d down day
January 16, 2013
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