Apple shares dip below $500 for first time in nearly a year
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.
More top news
The global war on terror is dead
Obama last night decided America's longest-ever conflict had to be re-defined. So the White House offered the world's bad guys a new deal.
Muslim community determined to stay united in Woolwich
The multicultural community of Woolwich is determined to stay calm in the face of the barbaric attack in their area.
Tributes to killed soldier as police make fourth arrest
The family of the soldier killed in Woolwich paid tribute to "a loving son, husband, father, brother and uncle" as police made new arrests.