Businesses and consumers interested in Apple's iPhone 4 that weren't among the initial 600,000 pre-orders may have to wait before they can get their hands on the device, according to an analyst at Rodman & Renshaw Inc. The smartphone's highly touted Retina Display screen is also used in the iPad and Apple is having trouble procuring enough touchscreens to meet demand for the device, according to AfterDawn.
Ashok Kumar, managing director and senior analyst at Rodman & Renshaw, wrote in a research note:
Low yields on the IPS LCD panel from LG Display have dramatically impacted the production volumes for iPhone 4. Our supply chain checks indicate that our earlier monthly shipment estimate of 4 million units have been reset by about half. The hope is that the LG transition to Gen 5 LCD capacity by late summer could help alleviate the production bottleneck. Meanwhile there is a non trivial risk in the September quarter whereby demand for the legacy 3GS iPhone drops off faster than production can ramp up for the iPhone 4.