iPhone 5 Production is cut, Stock falls for Apple

Oh damn, isn’t this quite a turn of events? Apple has been forced to cut production of the iPhone 5 due to weaker than expected sales. In fact, production has been cut in half. What the hell, is this the Surface?

Meanwhile, Samsung swings hard and sells a massive number of phones –

According to market intelligence firm IDC, Samsung’s Galaxy controlled 31.3% of the smartphone market in the third-quarter of 2012 compared to 14.6% for Apple.

Apple stock has dropped from $705 to $503. Still a pretty healthy value, but perhaps showing some signs of distress.

So where does this leave Apple? Can they pull it out of the mud with the next iPhone and iPad? Have they updated too quickly with only minor changes? As with all companies, you can only be at the top for so long. Apple is still making money, far more than most companies, but this could be a sign.

Apple Cuts Orders for iPhone Parts