Apple iPhone X wait times rise as demand exceeds supply

Published Fri, Oct 27 20175:45 AM EDTUpdated Fri, Oct 27 20177:36 AM EDT

David Reid @davyreid73

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Key Points

The Apple website is telling U.S. customers they face a six-week wait for an iPhone X
The $1000 phone went on sale Friday at 12:01 a.m. Pacific Time.
This week Apple denied a report that it told suppliers to reduce the accuracy of its facial recognition system on the phone known as FaceID.

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Power Lunch

If you fancy that new iPhone X by the holiday season, you might want to get in quick.

Apple refreshed its website at 12:01 a.m. Pacific time Friday morning to allow the world a chance to pre-order the new iPhone X but wait times are already on the rise.

Within two hours of going on sale, buyers in the United States are now having to wait as long as five-to-six weeks for the high spec phone.

Wait times for an iPhone X are rising.

Source: Apple

Apple fans in the U.K. face a similar wait and it's reported that the online store in Hong Kong sold out in less than 30 minutes.

The iPhone X will be available for walk-in customers on November 3.

Several reports had suggested Apple wouldn't have enough iPhone X units to meet demand. Industry analysts will now get their first take on how many iPhone X units Apple has available for sale. Apple sold 13 million iPhones during the opening weekend of the iPhone 6s, the last time it disclosed opening weekend figures.

CNBC has been and lay their hands on Apple's latest phone.

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Digital Original