TweakTown

Apple's iPhone 5c is virtually unsellable, 3 million units in storage

Apple, iPhone, iPhone 5C, iOS, Cheap iPhone.

@CharlesJGantt
Published Thu, Mar 6 2014 8:48 PM CST   |   Updated Sat, Aug 8 2020 10:29 AM CDT

When we first heard rumors about Apple's iPhone 5C we all expected a cheaper version of the iPhone to be released by the company, but sadly that was not the case. The iPhone 5C debuted to the world as a very expensive iPhone 5 wrapped in a new plastic skin, and when asked about a cheaper version, Apple basically laughed in everyone's faces.

Apple's iPhone 5c is virtually unsellable, 3 million units in storage | TweakTown.com

As with everything in the consumer-driven world, the consumer will glorify a product or condemn it to obscurity, and it appears that the public has spoken. A new report from VR-Zone is cluing us in on how well the iPhone 5C is actually doing. Since its release, reports have been flooding in that the iPhone 5C is a horrible failure for Apple and this new report suggest that the company has as many as 3 million units sitting in distribution warehouses just collecting dust.

While that may not sound like a big deal, you need to take into consideration that Apple usually has a hard time keeping iPhone's in enough supply to meet demand. With 3 million units sitting idle now, that number could double before Apple releases a new iPhone later this year, and with a manufacturing cost of about $200 each, Apple has roughly $600 million tied up in iPhone 5C units that just wont sell. Fortunately Apple has almost $100 billion sitting idle as well, so $600 million is just another drop in the bucket.

NEWS SOURCE:vr-zone.com

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.

Related Tags

Newsletter Subscription

Latest News

View More News

Latest Reviews

View More Reviews

Latest Articles

View More Articles