APPLE will unveil its tenth anniversary iPhone X in less than 24 hours, but don’t expect to get your hands on the hotly anticipated phone anytime soon.
Apple will only be able to produce 10,000 units of its hotly anticipated iPhone X each day, KGI Securities analyst Ming-Chi Kuo said in a research note that was obtained by MacRumors on Monday.
As a result, the new phone — slated to be unveiled on Wednesday morning AEST at Apple’s new headquarters, with forecasts of a $1200-plus price tag — will be “in severe short supply,” the analyst predicts.
The note added that the gold version of the iPhone X would face more production difficulties than the standard black and silver models. Kuo suggested the production issues were so severe that it might not go on sale until a later date than its counterparts.
Apple is expected to announce three new iPhones on Wednesday: the iPhone 8, iPhone 8 Plus and the iPhone X.
The iPhone 8 is expected to be similar to the 7 but with upgraded internal tech, while the iPhone X will feature a nearly edge-to-edge OLED screen — a first for the iPhone — as well as facial recognition and a host of new features.
Reports of production issues almost always accompany an impending iPhone release, and Apple usually surpasses expectations. But this year has seen more supply warnings than usual.
Kuo forecasted manufacturing issues in June, anticipating that shoppers would be especially impacted by the shortages during the holiday shopping season.
In July, Bank of America Merrill Lynch analysts slashed their forecast for full-year shipments of iPhones by 11 million, citing concerns surrounding manufacturing hiccups related to the iPhone X’s fingerprint-recognition features and 3D facial recognition technologies.