Conclusion. Based on our checks, iPhone X supply remains tight, and we expect it to remain in short supply for the next 4-8 weeks. We continue to expect the iPhone X to reach supply demand equilibrium sometime in January. That’s a slight positive for the outlook for Apple’s Mar-18 quarter.
10% In-Store Availability. iPhone X supply is tight in U.S. Apple Stores, but availability is improving. We’re monitoring iPhone X availability at U.S. Apple Stores daily, as well as global lead times. As of Friday morning (Nov 10th), 10% of iPhone X SKUs are available at Apple Stores in the U.S. for same day pick-up. Methodology: we checked 139 of the 271 Apple Stores in the U.S. across the four major carriers.
Below is the Verizon data for our in-store checks. The other 3 carriers’ data are not shown.
Online Lead Times Unchanged. As of Friday morning (Nov 1oth) we observed that global iPhone X lead times were unchanged compared to Sunday, Nov 5th. Prior to Sunday, we measured an improvement to a 3-4 week lead time from 5-6 weeks on Oct 31st.
Sample of 1, Pre-order Delivery Time Moved Up By 3 Weeks. Steve Van Sloun from Loup ordered an iPhone X 64GB Space Gray through Verizon on October 27th at 5AM PT and was quoted a 5 week (Dec 2nd) shipping window. Apple has moved up the delivery data to Nov 13th, 3 weeks earlier than expected.
Disclaimer: We actively write about the themes in which we invest: artificial intelligence, robotics, virtual reality, and augmented reality. From time to time, we will write about companies that are in our portfolio. Content on this site including opinions on specific themes in technology, market estimates, and estimates and commentary regarding publicly traded or private companies is not intended for use in making investment decisions. We hold no obligation to update any of our projections. We express no warranties about any estimates or opinions we make.