WSJ: Apple cuts iPhone 5c orders, boosts 5s

Apple is reducing orders of its iPhone 5c for the fourth quarter, according to the Wall Street Journal. The article echoes recent analyst reports, and questions the lack of demand and pricing strategy for the 5c. Assemblers Pegatron and Hon Hai/Foxconn were both told orders would be cut — sources say Pegatron was told a 20 percent cut would be forthcoming, while Hon Hai was told orders would be slashed by a third. Another supplier was reportedly notified of a 50 percent cut in part orders for the device. Meanwhile, executives at Hon Hai said Apple has increased iPhone 5s orders for the fourth quarter, lending further credence to a recent survey that found the iPhone 5s was outselling the 5c by more than two to one.