Apple thought its 'cheaper' iPhone 5C would sell well, but there are now reports that the company is cutting daily production of the iPhone 5C in half. This would cut daily production from 300,000 units to just 150,000 units.
If you want an iPhone 5C, shipping times on it are sitting at around 24 hours, with the iPhone 5S shipping times pushed out to weeks in some countries. Then there's the "grey market" in China to consider, with the iPhone 5C originally priced at $700 when it launched, but is now selling at around $500 in some areas.
When the iPhone 5C was revealed, I didn't think the price was good enough to warrant it being a 'cheaper' iPhone. If we see a next-gen Nexus 5 at $299-$399, it's going to completely cannabalize the iPhone 5C sales in some countries, if not most. If Apple had priced the iPhone 5C at $349, it would've been a totally, totally different story.