“U.S. stock futures declined as investors awaited a series of comments from central bank leaders and as Apple’s stock tested the $500-level amid weak iPhone demand,” Kaitlyn Kiernan and Alexandra Scaggs report for The Wall Street Journal.

MacDailyNews Take: Proof of “weak iPhone demand.” None given.

“Apple dropped 2.8% to $505.70, after news the tech giant cut its component orders for the iPhone 5 due to weaker-than-expected demand,” Kiernan and Scaggs report. “Orders for iPhone 5 screens dropped to roughly half of what the company previously planned to order. Earlier in the morning, shares slipped as low as $497.”

MacDailyNews Take: Proof the orders were cut? None given. If true, proof that the order reductions were “due to weaker-than-expected demand” and not a move to bi-annual iPhone refreshes or for some other reason? None given.

Full article here.

MacDailyNews Take: Behold the Internet echo chamber, where rumors, speculation and fomentation get rubber-stamped as fact within seconds.

Hey, let’s careful out there.

[Thanks to MacDailyNews Reader "Fred Mertz" for the heads up.]

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