Apple's shares continued to plummet Monday as analysts speculated on reports the company had cut back on orders for iPhone 5 parts and former CEO John Sculley said the emergence of cheaper smartphones and viable competitors will force Apple to restructure its supply chain to operate more efficiently. "Samsung is an extraordinarily good competitor. The differentiation between a Samsung Galaxy and an iPhone 5 is not as great as we used to see," he said in an interview. Industry observers said iPhone fans may not have felt as great a need to upgrade to the newest version or are awaiting the arrival of the iPhone 6.
Published in Brief: