TAIPEI—Apple has told two companies assembling its new lower-cost iPhone 5C that it is cutting orders for the fourth quarter, raising concerns over weaker-than-expected demand, a report said Wednesday. Apple told Foxconn and Pegatron Corp. earlier this month that shipments of the iPhone 5C in the October-December period would be reduced, Dow Jones Newswires reported, citing unnamed sources familiar with the matter. Pegatron, which assembles two thirds of the iPhone 5Cs according to analysts, was told orders would be cut by less than 20 percent while Foxconn was told that orders would be cut by a third, it said. One unidentified component suppl...
Keep on reading: Weaker demand? Apple cuts orders with iPhone 5C assemblers, says report
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