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Apple shares shrug off weak orders for iPhone 5C

Apple has told manufacturers of the 5C that it will cut orders of the smartphone for the final three months of the year, a source familiar with the supply chain situation said.But analysts said the decision by consumers to spend more and buy the pricier 5S model would benefit Apple and the company’s shares touched a one-month high above $502. The orders for the iPhone 5S are 2.5 to 1 when compared to the iPhone 5C. The main reason for the higher sales of the 5S, is the fact that the price difference really isn’t that much. This story makes you wonder is Apple will eventually cut the production of the 5C entirely.

URL: http://www.reuters.com/article/2013/10/16/us-apple-5c-idUSBRE99F08J20131016

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