Apple Trims iPhone 5C Orders

    CUPERTINO, CA - SEPTEMBER 10:  The new iPhone 5C is displayed during an Apple product announcement at the Apple campus on September 10, 2013 in Cupertino, California. The company launched the new iPhone 5C model that will run iOS 7 is made from hard-coated polycarbonate and comes in various colors and the iPhone 5S that features fingerprint recognition security.  (Photo by Justin Sullivan/Getty Images)

    Justin Sullivan

    Price matters, but not in the way Apple thought it would. Due to weak consumer demand, Apple has reportedly cut orders for its cheaper iPhone 5C model. Last month Apple introduced the 5C along with the high-end 5S, which saw high demand particularly for its gold-colored model. Apple’s move to introduce a competitively priced phone was seen as a response to Samsung’s recent strength in the smartphone market. The lack of interest in a cheaper iPhone could mean that part of the allure of Apple is that its products are seen as luxuries.

    Read it at the Wall Street Journal