Apple's shares fell yet again after they cut down on iPhone5 parts owing to a less than expected demand for the phone, while arch rivals Samsung sold 100 million pieces of their Galaxy S devices.
The demand for Apple's iPhone5 has dropped drastically, leading to the company reducing orders for components of the phone. According to a report by Fox2Now, the company has halved the orders for the screen part that makes the phone. Reportedly, Apple originally placed an order for 65 million iPhone screens for the 2013 January-to-March quarter from its suppliers which include Japan's Sharp Corp. and South Korea's LG Display Co.
One of the top reasons why buyers refrain from buying the iPhone is probably its mapping glitch. Even though the phone is lighter and longer compared to most of the other smartphones it does have many glitches.
On the other hand, arch rivals Samsung seem to be doing pretty well as they sold 100 million pieces of their Galaxy S devices in less than three years. This was a much faster rate than Apple's iPhone devices which took over four years to achieve this number.
In 2007, Apple to the smartphone market by storm after it released its iPhone. Ever since, it has been dominating the market. However, in 2010 when Samsung released its Galaxy S series, it creating touch competition for Apple.
Since the release of Apple's iPhone5 last September, the company's shares have fallen by a quarter while Samsung shares set an new record last week, reports Independent.com
However, both companies seem to be enjoying the smartphone boom where people prefer tablets and smartphones to desktops and personal computers. This has also made companies like Google and Amazon come up with "compelling low-cost tablets" like the Google Nexus and Amazon Kindle.
