Apple Fans Not as Excited for the iPhone 8 and iPhone X

Apple (NASDAQ: AAPL) fans are known to leap at purchasing the tech giant's newest gadget -- no matter what the price. But the newest iPhone lineup might be testing customers' frugality.

A new survey from RBC Capital Markets reported by CNBC shows that there is less demand for the latest iPhone models compared to last year's iPhone 7 and iPhone 7 Plus models. This year's models include the iPhone 8 and iPhone 8 Plus, as well as the company's 10th anniversary, fully redesigned edition known as iPhone X (pronounced "iPhone Ten").

According to the survey of 4,000 prospective iPhone buyers, 64% said they intended to purchase one of the three models released this year, vs. the 71% of respondents in 2016 who said they wanted to buy the iPhone 7 or iPhone 7 Plus.

Source: Fool.com