Analyst Brian Blair of Wedge Partners claims following channel checks that Apple has cut orders of iPhone product by as much as 20 percent. Companies do inform their suppliers when they increase or decrease order forecasts, this information about iPhone order cuts comes in from supply chain sources based in China and Taiwan, says Blair. This change in forecast has apparently been made for the period between June and December 2013. Apple’s current forecast for iPhone production is said to be around 90 to 100 million units, down from the previous forecast of 115 to 120 million units.

Blair once again indulges popular rhetoric that Apple is going to release a low cost iPhone soon. He says that this budget offering is going to be similar to the iPhone 4, a plastic back has been rumored instead of a glass one, this would effectively enable Apple to sell this product at a relatively lower price. We have already seen several purported plastic backs of the low cost iPhone, so there just might be some weight to this rumor. The reason for this forecast cut is said to be Apple’s reaction to “slowing growth” in the high-end market for smartphones.

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