Apple Cuts iPhone 5C Orders -Source - Presented by: The Aol. On Network

Apple is cutting orders at its assemblers for its cheaper iPhone 5C, heightening concerns about demand. A source tells Reuters Apple has lowered Pegatron's 5C orders by less than 20 percent, and the Wall Street Journal reports that Hon Hai Precision Industry's orders have been cut by a third. Apple has been criticized for charging too much for the 5C, which was seen as a mainstream phone aimed at taking on cheaper competition. In the U.S., the 5C costs just $100 less than the premium 5s.



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