WSJ Confirms Reports of iPhone 5c Order Cuts

WSJ Confirms Reports of iPhone 5c Order Cuts

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The WSJ is confirming previous reports that Apple has cut its iPhone 5c orders for the fourth quarter.

Apple told its Taiwanese assemblers Pegatron Corp. and Hon Hai Precision Industry Co. that shipments of the iPhone 5C in the fourth quarter would be cut, the people said. Pegatron, which analysts say assembles two thirds of the iPhone 5Cs, was told orders would be cut by less than 20%, said a person familiar with the matter. Hon Hai, which assembles the remaining low-cost iPhones, was told orders would be cut by a third, said two people familiar with the matter.

Additionally, Apple reportedly informed one component supplier that it would cut orders by 50%, which could mean a slowdown in shipments or an inventory level reduction for assemblers.

The higher than expected price of the iPhone 5c is being blamed for slower than expected sales. Retailers in the U.S. have already dropped the price by $49 to $54 dollars. Gray channel prices in China have dropped by about 1000 yuan.

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WSJ Confirms Reports of iPhone 5c Order Cuts
Big jiba - October 17, 2013 at 5:46am
They are advertising heavily in shanghai for the 5c. Bad sign. I haven't seen one person with one out of the store.
Jacon - October 17, 2013 at 12:08pm
Yet! Ok design though!
Trucker - October 17, 2013 at 12:32am
I agree just too ugly and gay looking
The ex-boyfriend of the ex above for real - October 17, 2013 at 1:43am
I disagree so ideal and original look!
I agree - October 16, 2013 at 3:44pm
I agree!!!!
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