Apple Drops to 11-Month Low

Is the iPhone losing its luster or is this just simply a case of running out of people to sell phones to?

Apple, based in Cupertino, California, reduced its original target to order 65 million iPhone 5 displays this quarter by about half, Nikkei said, citing an unidentified senior executive at a component maker it didn’t name. The iPhone is no longer unique, fashion fatigue will transpire and the rich price premium will be impossible to sustain.

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