Apple (AAPL) Falls On Speculation CDMA iPhone Demand Waning

Shares of Apple Inc. (Nasdaq: AAPL) are seeing a some pressure early Thursday on speculation sales of CDMA iPhones AT Verizon (NYSE: VZ) have slowed considerably, promoting production to be cut in half for the remainder on the year.

The speculation comes after a warning from Apple CDMA iPhone manufacturer, Pegatron.

According to Digitimes:
"Market watchers were originally optimistic about Pegatron's performance in 2011 as the company landed orders for CDMA iPhone 4 from Apple, but as the company reported losses for the first quarter of 2011, the market watchers are turning conservative about CDMA iPhone 4 shipments in the future as volumes may not be as strong as expected."

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"Pegatron originally expected to ship 10 million CDMA iPhone 4s in 2011, but sources from upstream component makers pointed out that Apple's orders already saw a significant reduction and the volume is estimated to drop to only five million units."

Shares of Apple are down 0.8 percent to $347.41.

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