Last Year's iPhones Seen As Better Deal Than Latest Models

Recent analyst reports indicate that many Apple (AAPL) customers are opting to buy lower-priced iPhone 7 series phones over the company's new iPhone 8 series and iPhone X handsets.

"Early indications are that demand is shifting from the flagship models (iPhone 8/8 Plus) towards the older models (iPhone 7/7 Plus) relative to 2016," Nomura Instinet analyst Jeffrey Kvaal said in a report Tuesday.

Apple's 11th-generation handsets are more expensive than their predecessors and sport incremental...

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