Apple Dips Below $500

Apple hasn't been doing all that well in terms of iPhone 5 sales.  In fact, they have recently slowed down on production of the device as there is starting to be a surplus of these on the market and at stores.  This word has gotten around and that has affected the Apple stock price to the point where it dropped more than $20 over this past weekend.  This isn't the end of the world for sure, but it just shows how fickle consumers are and how quickly anyone can take a hit.  Mashable has more.

The Journal cited "people familiar with the situation" who said that Apple has cut its orders for iPhone 5 screens in half for the March quarter. Likewise, Reuters cited Nikkei, a leading Japanese business daily publication, which reports that Apple has asked its LCD suppliers to halve its initial order of 65 million screens for the iPhone 5, in addition to cutting other components.