In an effort to boost up iPhone 5S production, one Foxconn Technology Co., Ltd. (TPE:2354) (OTCMKTS:FXCOF) factory is halting the production of the Apple iPhone 5C. The report comes from Digitimes as reported by sources.
Foxconn will increase iPhone 5S production
Digitimes reported, “Foxconn Electronics (Hon Hai Precision Industry) will stop production of the iPhone 5c at its factory in Zhengzhou, northern China, and shift the capacity to iPhone 5s, according to industry sources.”
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Foxconn Technology Co., Ltd. (TPE:2354) (OTCMKTS:FXCOF) has yet to share their thoughts.
The main reason behind this decision is to keep up with the demand of the iPhone 5S. The 5C hasn’t enjoyed the same amount of success as the more expensive phone. Apple Inc. (NASDAQ:AAPL) initially predicted the cheaper phone would be a strong seller; fortunately for the Cupertino-based tech giant, consumers gravitated towards the pricier smartphone.
Lag in Apple iPhone 5C sales
The problem behind the lagging iPhone 5C sales can be attributed to expectations. What was initially expected to be a mid-price phone was actually cheaper. It’s also attributed that the colored plastic body was a turn-off for Apple users, who appreciate the modern design and metal body of the iPhone 5S.
Business Insider added, “The iPhone 5C seems like it’s nowhere near as popular as Apple Inc. (NASDAQ:AAPL) had hoped. We’ve read multiple stories about Apple Inc. (NASDAQ:AAPL) cutting back production for the 5C. It seems like Apple Inc. (NASDAQ:AAPL)’s decision to charge $550 for the phone unlocked has held demand in check.”
In other Apple Inc. (NASDAQ:AAPL) rumors, there is still a lot of anticipation for the iPhone 6. A new rumor indicates next year’s smartphone will feature a curved screen, NFC, and screen pressure sensors. There is also that pressing rumor of a phablet phone. It’s predicted that Apple Inc. (NASDAQ:AAPL) will release two phones next year and one of those smartphones is likely to be a phablet. With the recent trend of larger tablet style phones, there is little doubt Apple Inc. (NASDAQ:AAPL) will soon join the bandwagon, especially since their top competitors have already released larger Android models.