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Apple Slows iPhone Production as Samsung Galaxy S Sales Soar

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http://www.thevarguy.com – Apple (NASDAQ: AAPL) reportedly has pared its Q1 orders for iPhone 5 parts owing to weaker than expected demand, according to two published accounts, at the same time as arch rival Samsung disclosed that cumulative sales of its Galaxy S device, on the market since May 2010, hit the 100 million unit sales mark. Apple’s stock fell 3.6 percent to just above $501.75 on the news. Both the Wall Street Journal and Japan’s Nikkei, citing sources, reported that Apple has cut in half orders for iPhone screens for the first quarter from LCD panel suppliers Japan Display, LG Display and Sharp from an (IT news)