Business

Thursday 17 October 2013

Apple slashes iPhone 5C orders: Source

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Apple has told manufacturers of its new iPhone 5C that it will cut orders of the smartphone for the final three months of the year, a source familiar with the supply chain situation said. 

Pegatron, a major manufacturer of Apple's new phone, had iPhone 5C orders reduced by less than 20%, the source told Reuters. 

Hon Hai Precision Industry, Apple's other manufacturer of the iPhone 5C, has had its orders for the same period reduced by a third, the Wall Street Journal reported. 

The iPhone 5C is a slightly cheaper alternative to the premium iPhone 5S model. 

Pegatron and Hon Hai declined to comment, while Apple could not be immediately reached for comment.

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