Conclusion. iPhone X supply had mixed results over the past week with online improving and in-store worsening. We anticipate iPhone X lead times of more than 4 days to continue for the balance of 2017 and 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.

Online lead times continue to improve. We noted an improvement in global iPhone X lead times (8 countries), exiting the week (Dec 3rd) at 7.7 days. For the week (Nov 27-Dec 3rd) we measured a decline to an average of 10.1 days compared to 14.7 days in the previous week (Nov 20-26th).

Apple Store availability worsens. We continued our daily monitoring of iPhone X availability, capturing 2224 daily in-store data points for 139 of the 271 U.S. Apple retail stores. Availability at U.S. Apple Stores declined to an average of 7% (week of Nov-Dec 3rd) compared to 16% in the previous week (Nov 20-26th).

• This past week (Nov 27-Dec 3rd) availability declined to 7%, compared to 16% in the previous week (Nov 20-26th)
• The sharp drop in supply was after the Thanksgiving holiday weekend

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.