New reports said that iPad Mini with retina display has limited supply and there is a possibility that shipping of all pre-orders may be delayed.

According to the market-watchers at IHS, shipments of the 7.9-inch tablet "are expected to fall well short of demand in the fourth quarter due to limited production of the tablet's new Retina Display."

Apple gave a rather vague release date of the iPad Mini with retina display by simply stating that the device will be released in late November.

"The company has good reason to be coy about the exact release date, given that supply of the new mini is going to be ridiculously tight in the fourth quarter," IHS director of tablet research Rhoda Alexander.

The reports may cause panic buying among interested buyers of iPad Mini with retina display who wants to get the device before Christmas.

Apple unveiled that iPad Mini with a retina display last week. The company's CEO Tim Cook said that the retina display is the most requested feature for the device. The new iPad Mini has a screen resolution of the new iPad Mini is 2048x1536 with 326 ppi.

iPad Mini with retina display also has more storage options available. The iPad Mini with retina display is now available in 16GB, 32GB, 64GB and 128GB storage variants.

Apple's latest generation of iPad Mini is packed with the iPhone 5S' 64-bit A7 chip processor and a separate M7 graphics chip for faster and better processing. Despite packing two power hogging chips inside, iPad Mini with retina display improved its battery capacity. Users can now enjoy the device's apps and features as it has an improved battery life of up to 10 hours with constant surfing the web on Wi-Fi, watching video, or listening to music.

The new iPad Mini tablet comes with pre-installed with iOS 7, which boasts of new and improved features such as Control Center, AirDrop, and smarter multitasking.

The iPad Mini with retina display price starts at $399 and will be available in late November 2013. However, buyers itching to get their hands on the new iPad Mini with retina display can now start placing their orders on the Apple Online Store. The cellular version of the device will also come to various carriers.