Apple will have at most 3 million iPhone Xs next week, KGI says, and that won't meet immediate demand

Key Points
  • KGI analyst Ming-Chi Kuo says just 2 million to 3 million iPhone X units will be available next week.
  • Apple sold 13 million iPhones during the opening weekend of the iPhone 6s, the last time it disclosed opening weekend figures.
  • Kuo says the camera circuit board is partially to blame.
A giant advertisement for the new Apple Iphone X is displayed on the facade of the Saint Lazare station on October 11, 2017 in Paris, France.
Chesnot | Getty Images

Apple will have no more than 3 million iPhone X units available for purchase when preorders open next week, KGI analyst Ming-Chi Kuo said Friday.

Kuo is well-known for accurate reporting on Apple's supply chain. His note, reported by 9to5Mac, suggests that the shortage of units is related to several components used in the iPhone X. Originally, reports suggested the new 3-D face-scanning sensor was to blame, but Kuo added that the circuit board for a new camera is also causing setbacks.

Apple didn't disclose how many iPhone 8 units it sold during opening weekend, but the last time it did — after the iPhone 6s launch in September 2015 — Apple said it sold a record-breaking 13 million iPhone 6s and iPhone 6s Plus smartphones.

Given the hype around the iPhone X, one can see how having just 2 million to 3 million units may quickly lead to long shipment times. Kuo said Apple will likely fix the kinks in its supply chain by November, so it's still possible Apple is able to ramp up production ahead of the holiday shopping season.

An Apple spokesperson was not immediately available to comment.

Read the full report on 9to5Mac.