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ReportTT: Apple cuts orders for new iPhone 5C units by 20-percent

iPhone 5C sales much lower than expected, resulting in Apple cutting production by 20-percent (NASDAQ:AAPL)

| Mobile Devices, Tablets & Phones News | Posted: Oct 17, 2013 1:09 am

A new Report from Reuters is cluing us in on how well Apple's iPhone 5C is doing. According to the article, demands for the iPhone 5C has not been as high as Apple had expected. It appears that Apple fans like the 5S much more than they do the 5C, which has led to Apple cutting production by 20-percent on the plastic bodied 5C.

 

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While Apple may not have expected this, many industry analyst saw it coming the moment Apple released the pricing on the device. Investors and consumers widely expected the 5C to retail in the $199 range off contract, with a contract version in the $50-99 range for a 32GB model. This aggressive pricing was needed in order to take hold in the emerging markets, but apple failed to see that, and the result appears to be a plastic phone that may very well be a total flop.

NEWS SOURCES:Reuters.com

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