iPhone 5c fails to make impact in China, 5s compensates
The iPhone 5c isn"t doing all that good in China. According to CTechCN, who first reported Apple"s cutting iPhone 5c production, Apple is still reducing orders of the plastic iPhone.
Foxconn"s Zhengzhou factory, which once churned out 50 thousand units weekly is now down to 8 to 9 thousand. Protek, component manufacturer for iPhone 5c, has seen an order cut of 75%.
Retailer Dixons reports 78.6% of iPhone sales come from the premier 5s and just 21.4% are due to the iPhone 5c. The smartphone"s price is also falling on retailer Taobao, which imported units from Hong-Kong at prices between 3000 to 3500 Chinese Yuan a month ago, now down to between 2500 to 3000 (around $400 to $500).
Some retailers are reportedly selling their iPhone 5c units at a loss just to clear stock.
Still there"s no threat to Apple"s financial health in hindsight as the iPhone 5s is selling handsomely. The question is whether Apple will keep making plastic iPhones with year-old hardware and flagship costs, reduce pricing, or scrap the sidekick project altogether.
