iPhone 5

TOKYO | BEIJING Sharp Corp and other Apple Inc suppliers declined in Asia trading after the Nikkei newswire said orders for iPhone 5 parts had been cut about 50% following lowerthan-expected sales.

Sharp, which makes display panels for the iPhone 5, fell 2.7% to close at 321 yen in Tokyo. Samsung Electronics, which supplies Apple and makes its own competing phones, declined 2.6% in Seoul. Speaker-maker AAC Technologies Holdings Inc. dropped 2.8% in Hong Kong. Apple hit an 11-month low in New York on Monday after the Nikkei report underscored concerns about iPhone 5 sales and the wider smartphone market. Ex-chief executive officer John Sculley also said on Tuesday the Cupertino, California-based company needs to develop cheaper phones to boost sales in emerging markets.