<p>STORY HIGHLIGHTSAnalysts expected the iPhone 5C to appeal to customers with its low priceBut, especially in emerging markets, it hasn't been significantly discountedReports say production has slowed, and retailers are slashing its priceBut some observers say it's way too early to predict success or failure</p><p>(CNN) -- When Apple unveiled not one but two new iPhones last month, it was the dawning of a new strategy for the company, which for six years had championed its single iconic smartphone even as competitors rolled out an array of shapes, sizes and features.</p><p>But a month later, there are questions about how effective this strategy has been, particularly in regards to the iPhone 5C, the cheaper, colorful plastic counterpart to Apple's higher-end iPhone 5S.</p><p>Though some observers see a long game in which the "fun" version of the iPhone will still prove popular, others are skeptical, based on some early signs.</p><p><a href="http://www.cnn.com/2013/10/17/tech/mobile/iphone-5c-flop/">Keep reading...</a></p><p>Read also:</p><p><a href="http://www.bloomberg.com/news/2013-10-17/jobs-right-as-apple-consumers-prefer-5s-to-cheaper-iphone-tech.html">Jobs Right as Apple Customers Prefer 5s to Cheaper IPhone</a> (Bloomberg)</p><p><a href="http://www.zdnet.com/5-reasons-why-the-iphone-5c-might-be-a-flop-7000022090/">5 reasons why the iPhone 5c might be a flop</a> (ZDNet)</p><p><a href="http://www.techspot.com/review/726-apple-iphone-5s/">Apple iPhone 5s: The TechSpot Review</a> (TechSpot)</p><p>Explore: <a href="http://news.google.com/news/more?ncl=d1RPVvXTcrDXYxMZxeLP40KiEfp5M&ned=us">367 additional articles.</a></p>