Apple's iPhone X was announced at the company's iPhone press event last month alongside the iPhone 8.
KGI Securities analyst Ming-Chi Kuo wrote in a note to investors on Friday (Oct. 20) that Apple will only have between 2 million and 3 million iPhone X units available in time for the smartphone's November 3 launch.
iPhone X Production: Apple COO Jeff Williams is planning to speak with Foxconn about iPhone X production, reports 9to5Mac.
However, Kuo also said that the "worst is behind us", according to MacRumors, and he believes Apple is now producing iPhone X units at a much more rapid clip. "For example, most of the people that we speak to in the USA, and a common theme during our China Tech Tour, is that consumers are waiting on the iPhone X. Moreover, we believe the iPhone 7/7 Plus is benefitting from incremental demand as consumers can take advantage of the recent price cuts in light of the iPhone 8/8 Plus introduction", White contends, confident as ever ahead of the titan's iPhone X cycle. Still, the firm has lowered its shipping estimate from 30-35 million to 25-30 million.
Finally, the note touches on the True Depth camera issue that had been previously reported by The Wall Street Journal "We believe the previous design issues of the dot projector sometimes being unable to recognize human faces has been resolved after active alignments or environmental tests were addressed", Kuo wrote.
Kuo also points to a wide-angle camera module that also is seeing a supply shortage.
But for investors, this may simply push the "super cycle" boom of iPhone sales one quarter later. The iPhone X will come out next month, while the HomePod and iMac Pro are set for December.
2018 will be a better year for the iPhone, however, with shipments expected to increase by up to 50%. For more analysis of Apple stock, visit the IBD Stock Checkup.
So, when pre-orders go online next Friday, be ready to act quickly.
The Apple iPhone X will be in short supply when it launches on November 3 because the smartphone maker has been beset by production issues, analysts have said.
This post originally appeared on Business Insider.