iPhone 5 faces falling demand, Apple ordering fewer parts

It looks like Apple's latest iPhone isn't doing very well. According to Business Insider, the Cupertino-based company is cutting orders for iPhone parts. This is mostly due to the weaker-than-expected demand of the iPhone 5, according to a report by the Wall Street Journal.According to the report, orders for screens for the January-March quarter have dropped to half of what the company had previously planned to order. It has also cut orders for parts other than screens.While demand elsewhere isn't very high, India seems to be an example to the contrary. According to an earlier report, demand for the iPhone 5 has been high and stocks of the device have been fast depleting. Click here for full story