After September 10, the value of your old iPhone could fall by 30%

by



[ad_1]

If you are planning to unload an old phone to help you cover the costs of buying a new Apple iPhone or one of the Pixel 4 models, you should take a quick look at To some data compiled by Decluttr. The latter is an application (iOS, Android) that helps you sell your "stuff". Decluttr indicates that phones begin to lose value once you open the box and lose even more when an updated version is released a year later. All handsets do not depreciate at the same rate and Decluttr has taken a look at the iPhone resale market, Samsung's flagship products, the Galaxy S and the Google Pixel range. In general, Android devices depreciate faster than iOS devices.
According to the data, it appears that iPhones lose 40% of their value one month after their release date. After the first 30 days, they tend to lose 1% of their value each month. Now, keep in mind that this is not written in stone. As an example, Decluttr points out that the iPhone XS lost 49% of its value in 11 months of availability, with a resale price of $ 512. If you look at the graph showing the depreciation of the iPhone, you can see that the first month has dropped. Interestingly, there appears to be a slight rebound in prices from the 16th to the 19th month prior to the recovery of the decline in value. As Apple is expected to introduce its iPhone 2019 lineup on Sept. 10, here's an important statistic to keep in mind: On average, Apple iPhones drop by 30% when new models are announced.

"No matter what phone you have, our research clearly indicates that you should sell it as quickly as possible to get the best price – every additional month it means more value lost!" Interestingly, we also found that the value phones dropped dramatically after the announcement of a new model.In average, iPhones are worth 30% more before the annual main event of Apple – so if you are planning a bet upgrade, start thinking of selling as early as today. "- Decluttr

Samsung phones are losing value faster than Apple phones. Take the Samsung Galaxy S10 and the Galaxy S10 + which have depreciated by 57% and 52% respectively after just six months. Meanwhile, six months after the release of the Pixel 3 XL last October, the phone had already depreciated by 58%. The phone, which cost nearly $ 900 at launch, is currently resold for a price close to $ 300.

Keep in mind that these figures are for previously owned handsets, not for new devices still in the box.

[ad_2]

Source link