The report also said that a top Apple analyst on Friday dramatically cut his projection for third-quarter sales of the 5c. KGI Securities analyst Ming-Chi Kuo revised his estimates for the device to 11.4 million units shippeddown 33 from his original figure.
He also slashed his fourth-quarter estimate to 10.4 million units, according to a report from Business Insider, which cited Kuo’s note.
(Read more: Ditching Apple for Android? What you need to know)
Kuo said that retailers are slashing the price of the 5c to move the product. Among other retailers, Walmart and Best Buy have already discounted the smartphone’s subsidized price to $50 or less.
Read also:
iPhone 5s users report 'Blue Screen Of Death' crashes (Telegraph.co.uk)
iPhone 6 With 4.8-Inch Display? An Apple 'Phablet'? This Week In Apple Rumors (Huffington Post)
iPhone 5S outselling iPhone 5C by 2-to-1 margin, says report (VentureBeat)
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