iPhone 5 Orders Reduced by Apple?

Those waiting to get their hands on the new iPhone 5 may have to wait a little longer due to a decrease in supply, according to website Digitimes.com.

According to the tech. website handset solution suppliers have indicated that handset vendors such as Apple and HTC, have cut down their chipset orders for the fourth quarter.

The companies are thought to be concerned over the tense global economy and have cut down orders to adjust accordingly, a Taiwan-based chipset-maker source has indicated.

The site also claims that sources in the iPhone market revealed that Apple has scaled down its orders for handset parts to be shipped at the end of the third quarter.

Handset vendor, HTC, also slimmed down orders. The company originally aimed to ship 70 million units in the beginning of the year and now reduced it down to between 50-60 million.

Digitimes reported just last week that Apple planned to ship around 56 million handset units for the third and fourth quarters of this year.

However, now with the cutting down of supply orders, the company will most likely ship less units than originally projected.

Both the iPhone 4, and the next generation iPhone were supposed to be included in the 56 million units being shipped. It is not clear in which proportion the devices will be decreased for the shipping.

Apple plans to release the new iPhone in early October, according to 9to5 Mac.

It also plans to release a cheaper prepaid version of the iPhone 4.

With less supply, demand will likely increase for the iPhone 5 since it will be harder for consumers to obtain one during its initial release.

According to the latest rumors, preorders for the iPhone 5 are scheduled to begin in late September.

The device will hit stores early-mid October.