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Tech News: Apple Dipped Below $500 in Pre-Market Trading, So Will It Drop Again?

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Plus, Samsung's Galaxy S hits another milestone, while the iPhone 5 suffers from weak demand.

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This column brings you the most interesting and useful business and financial commentary on the world of technology every day.

Quartz
Link: Is Today the Day Apple's Stock Drops Below $500 a Share?
"Apple's (NASDAQ:AAPL) stock is currently down 5% in trading on German markets, and opening bid and ask prices on NASDAQ (INDEXNASDAQ:.IXIC) are already at around $500. The reason appears to be a WSJ report that Apple's orders for components for the iPhone 5 for the January through March quarter of 2013 are half what the company had originally planned, reflecting weaker-than-expected demand for the phone."

VentureBeat
Link: Facebook's Tuesday Event Fuels 'Facebook Phone' Rumor
"Last week, Facebook (NASDAQ:FB) invited members of the press to a special event at its corporate headquarters in Menlo Park, CA on Tuesday. These sorts of invites are rare for Facebook, and so speculation is growing about what the company is planning.

"Some noted that the invite came just minutes after rumors of a cheaper iPhone hit the web - leading them to wonder whether Facebook is doing something in the phone area…"

TechCrunch
Link: Samsung's Galaxy S Smartphone Series Passes 100M Channel Sales, Driven by Flagship Galaxy S3
"Samsung (PINK:SSNLF) just announced another smartphone sales milestone: its Galaxy S series has passed channel sales (or sales to retailers, not end users) of more than 100 million units since launching in May 2010, the Korean conglomerate announced via its Flickr stream."

NBCNews
Link: Apple Cuts Orders for iPhone 5 Parts on Weak Demand: Report
"Apple has cut orders for LCD screens and other parts for the iPhone 5 this quarter due to weak demand, the Nikkei reported on Monday, in a further sign the US firm is losing ground to Asian smartphone rivals.

"Shares of the Cupertino, California-based company fell more than 4% to $498.20 before the bell on Monday. They closed at $520.30 on Friday on the Nasdaq. The news also dragged shares of Apple suppliers such as Cirrus Logic (NASDAQ:CRUS) and Qualcomm (NASDAQ:QCOM)."

ReadWriteEnterprise
Link: The Real Problem With The Windows 8 User Interface -- And It Isn't Touch
"The problem is not that Microsoft (NASDAQ:MSFT) is dragging us kicking and screaming into the world of touch interfaces.

"The real challenge is more complexity. To a certain extent I see some similar challenges - albeit on a smaller scale - in Apple's Mac OS X Lion. They both offer too many different ways of accomplishing the same thing."

GigaOm
Link: Netflix Wants Open-Source Developers, Cloud Alternatives
"Netflix (NASDAQ:NFLX) has made a name for itself open-sourcing tools it built to fill gaps in Amazon Web Services' cloud and make deployment easier to manage. Now it wants to show off other goodies it has in the pipeline and recruit open-source development whizzes in the process. Toward that end the company will host an Open Source Open House at its Los Gatos, Calif. headquarters February 6 which will feature talks by Adrian Cockcroft, Netflix cloud architect and Ruslan Meshenberg, director of cloud platform engineering."
No positions in stocks mentioned.
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