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Daily Digit: Apple's Stock 30% Off Peak
The Daily Digit is 30. Apple's stock has plunged almost 30% since its peak last September, and the latest bad press may make things worse. Japanese business news service Nikkei reported on Monday that Apple has cut orders for LCD screens and other parts for the iPhone 5 this quarter due to weak demand. The move, if confirmed, would support analyst reports that sales of the new iPhone 5, which was released in September, have not been as strong as anticipated.
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