Apple Reportedly Cut iPhone Orders By 20%

A new report claims that Apple may have cut its iPhone production orders by 20% for the second half of the year. Per CNBC, Brian Blair reveals that Apple likely cut iPhonr orders to around 90-100 Million units -- down from 115 -120 million units.

So, when they make a dramatic change in their forecast, they need to let their suppliers know," he said. "And this is coming from some of our supply-chain work out of China and Taiwan that has let us know, not exactly, but that there's been roughly this kind of a change in their forecast for the period from June to December, about a 20 percent cut in what they've been telling their suppliers to be ready for.

The cuts can be attributed to "slowing growth" in the high-end smart phone market.


The analyst also confirmed his belief that the company will make a low-cost/budget iPhone. It will be "something similar" to the iPhone 4 with a plastic back instead of a glass back, allowing Apple to sell it at a lower cost. He believed Apple will use many of the same components they have in previous years since they can get them at a much cheaper price.

One of the ways they can offer a lower-cost phone is if they do use the same components because those components are over four years old, and they can get them a much cheaper prices, allowing them to sell the phone at a lower cost

Finally, Blair revealed Samsung had hope to sell 15 Million Galaxy S4s but only sold 10 million units.

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