It knocked 2 percent off Apple's shares and send stocks of its suppliers around the world as much as 6 percent lower, weighing on the USA and other stock markets.
Apple's stock is up 12% since the beginning of the year. Analysts suspect that the $1,000 iPhone X may be hurting demand, even though it was the best-selling smartphone in early 2018.
Last month, we reported that Apple would be releasing three iPhone models in 2019 with high-end OLED displays, this year the firm is planning to release two models with OLED displays and another with an LCD.
Kuo said that Apple was likely to launch a 6.5-inch OLED "IPhone X Plus", a second generation of iPhone X and an iPhone with a 6.1 inch screen.
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Though Apple has warned observers not to make assumptions about its plans or sales based on supply chain reports - and such assumptions led to conflicts between Apple and analysts over the iPhone X's relative strength this year - the reports can provide a glimpse into the notoriously secretive company's expectations.
"I am not overly concerned. about the lower supply speculations". Additionally, Apple's suppliers were also affected by this, with the shares of Dialog falling 4.1 percent while those of AMS falling by 6 percent.
Apple did not immediately respond to a request for comment.
USA -based supplier Advanced Micro Devices (AMD.O), Micron Technology (MU.O) Intel (INTC.O), Broadcom Inc (AVGO.O) and Qualcomm Inc (QCOM.O) were all down between 1 percent and 4 percent.