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Apple shares dip below $500 for first time in nearly a year

A customer takes the new iPhone 5 off the shelf Credit: Lewis Whyld/PA Wire

Apple Inc shares have dipped below $500 (£310.91) for the first time in almost a year, after reports it is cutting orders for screens and other parts, from suppliers.

The decision to slash orders came after increasing competition from other smartphone companies affected the demand for its latest iPhone 5.

Apple was overtaken by Samsung last year as the world's biggest seller of smartphones, helped in part by the popularity of its Galaxy Note II, in addition to releasing a wider range of devices throughout the year.

Confusion over Apple mapping errors

Users of the first version of Apple's Maps app have complained about lack of detail in certain areas, erroneous searches and warped street-level imagery.

York city centre is shown partly in black and white, with some areas in blurry colour. Credit: Apple Maps
A search for Battersea Bridge in London brought up a law firm in Newton Abbot. Credit: Apple Maps
New York's Brooklyn Bridge is shown in a worrying state of repair. Credit: Apple Maps

Ireland's Justice Minister warned pilots after a farm in Dublin was marked as an airport.

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Complaints flood in over Apple maps deficiencies

Apple customers are expressing their dissatisfaction with iOS6's new mapping tool, which has effectively replaced Google's mapping app for iPhone users who updated their product today:

Irish Justice Minister warns pilots over Apple mapping mistake

An aircraft symbol appears in a field in Airfield, Dublin. Credit: Apple Maps

An Apple mapping blunder prompted Ireland's Justice Minister Alan Shatter to warn pilots they risk emergency landing on the "Airfield" tourist spot in his south Dublin constituency.

The marking, on Apple's iOS6 mapping application, showed the 35-acre site at Airfield, Dundrum - home to farm animals, gardens and a cafe - inappropriately marked with the standard airport symbol.

"There are a variety of possible alternative images that could be utilised such as a cow, a goat, a sheep, a flower or any indeed other type of plant, as Airfield operates a nursery," the minister said.

"An aircraft is an entirely inappropriate flight of imagination."

Queuers in place at London Apple store

One day before the iPhone 5 goes on sale, queues have already formed outside London's Regent Street branch of the Apple Store.

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