Call waiting: Apple shares fell in premarket trading this morning after The Wall Street Journal reported that the company has cut its orders for iPhone 5 components because of weaker-than-expected demand. The newspaper says that two people, not identified by name, told it that Apple’s first-quarter orders for iPhone 5 screens have dropped to about half of what the company had previously planned to order. The full story is available here.
The big deal: Coca-Cola became one of the world’s most powerful brands by equating its soft drinks with happiness. Now it’s taking to the airwaves for the first time to address a growing cloud over the industry: obesity. The Atlanta-based company will today begin airing a two-minute spot during the highest-rated shows on CNN, Fox News and MSNBC in hopes of becoming a stronger voice in the intensifying debate over sodas and their impact on public health. More details on the campaign can be found in the full story here.
At the finish line: Toyota has dethroned General Motors as the world’s top-selling automaker. The Japanese company sold 9.7 million cars and trucks worldwide in 2012, an increase of 22% over 2011 sales, although it’s still counting. GM sold 9.29 million, up 2.9% on the year. GM was the top-selling carmaker for more than seven decades before losing the title to Toyota in 2008. But GM retook the sales crown in 2011, when Toyota’s factories were slowed by an earthquake and tsunami in Japan. The full story can be found here.
Today’s poll question: Do you think the CATS public transit system should be privatized?
