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Apple iPhone trade-ins surge prior to Samsung Galaxy S5 unveiling

Posted: , by Alan F.

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Apple iPhone trade-ins surge prior to Samsung Galaxy S5 unveiling
According to SellCell.com, Monday's introduction of the Samsung Galaxy S5 at MWC was preceded by a surge in trade-ins of the Apple iPhone. Last weekend, the site saw a 48% increase in the volume of transactions involving Apple's iconic smartphone. The insinuation, of course, is that some Apple iPhone owners were raising cash in preparation of pre-ordering the latest iteration of Samsung's flagship Android phone.

The basic laws of supply and demand apply here, which means that the increase in iPhone trade-ins has led to lower prices received by those selling their old iPhones. Even prior to the surge in transactions last weekend, prices had already been trending down. Six months ago, the Apple iPhone 5 fetched $337. At the beginning of this month, that price had dropped to $275. Similar declines in price have been seen with both the Apple iPhone 4s and Apple iPhone 4. During the same time period, those trading in the iPhone 4s saw the value of that trade decline from $171 to $115 while the amount received for the iPhone 4 slumped from $188 to $103.

SellCell.com acts like a brokerage firm, looking at over 20 different sites, seeking the best price for a trade.

"Our latest statistics signify how U.S. mobile phone owners are becoming increasingly aware that trade-in prices will often fall around big product launches – which explains why we sometimes see the resale value of flagship phones drop even before the next device in a series has been announced. On the other hand, the steadiness of Samsung Galaxy S series trade-ins year over year indicates there might not be much upgrading going on with the new Galaxy S5 announcement. That’s why we always recommend that people looking to trade-in their old device always use a price comparison site to make sure they are getting the best deal – especially as recycling prices can fluctuate by the hour around major device launches."-Keir McConomy, founder, SellCell.com

SellCell.com founder Keir McConomy noted that trade-in prices for the Samsung Galaxy S4 have remained steady, declining to $235 from $250 6 months ago. McConomy said that we could see a sharp decline in the trade value of the Galaxy S4 ahead of the launch of the Samsung Galaxy S5 on April 11th.

Trade-in prices for the Apple iPhone have been affected by the unveiling of the Samsung Galaxy S5

Trade-in prices for the Apple iPhone have been affected by the unveiling of the Samsung Galaxy S5

source: Sell.Cell Phone via BGR

  • Options

posted on 25 Feb 2014, 12:42 6

1. darkkjedii (Posts: 24906; Member since: 05 Feb 2011)

I wonder if any regret it after the unveiling. Maybe, maybe not.

posted on 25 Feb 2014, 12:48 6

2. PBXtech (Posts: 1032; Member since: 21 Oct 2013)

Probably just buy the 5S if they do. What's more disconcerting (for Apple) are people trading in their iPhones with expectations of buying a Galaxy.

posted on 25 Feb 2014, 14:26

12. Finalflash (Posts: 3527; Member since: 23 Jul 2013)

Maybe, because if they traded in their iPhones it meant they were not impressed by the 5s to begin with. At this point they'll either buy the S5 or another Android phone if they can't wait or wait it out for the iPhone 6. Even if the current S4 and Android crowd isn't impressed with the S5, it is still a ridiculous jump from the iPhone 5.

posted on 25 Feb 2014, 18:07 3

14. joey_sfb (Posts: 6600; Member since: 29 Mar 2012)

Don't understand why people complain about S5 when its not even out for a hand on.

I know I am a Note person therefore has little interest in their S series but still I don't dislike it.

Furthermore, with a sales of 40 millions for S4 I should think there is enough people that would like it and that why Samsung keep doing it.

posted on 25 Feb 2014, 12:50 6

3. Sauce (unregistered)

My android days are over (Note 2 [my previous phone]), but my best friend is an Android-"head" and he can't stop complaining and expressing his disappointment about the S5. I'm sure everyone's hope have been let down dramatically and have the same mindset: waiting for other feature phones this year.

posted on 25 Feb 2014, 13:20 1

8. techaman (unregistered)

Definitely jedii you should know non of us that have Samsung s3 or s4 were expecting that Crap I don't like apple but I would get one just to throw it in the old man s face and ask him who he asked about what the customer wants and tell him to fire his design team

posted on 25 Feb 2014, 14:23 1

11. Finalflash (Posts: 3527; Member since: 23 Jul 2013)

So just don't buy Samsung, buy another and they will wise up once they lose enough ground. That's the best part about Android, there is choice.

posted on 25 Feb 2014, 18:19

15. darkkjedii (Posts: 24906; Member since: 05 Feb 2011)

Yeah I'm largely disappointed in the s5, no new look, no compelling new features, apples touch ID, just a very minor upgrade. I wanna see the ip6, and N4. +1

posted on 25 Feb 2014, 14:41 1

13. DnB925Art (Posts: 1060; Member since: 23 May 2013)

Usually the regret after the latest Galaxy S series gets mitigated 1/2 a year later when the newest of the Note series gets announced. IOW, the Note is basically a refinement of the S series, sort of like the iPhone S series is a refinement and improvement of the non-S phones. Since I'm a Note buyer, I can't wait to see what gets fixed and improved when the Note 4 is announced, which is my upgrade time since I currently rock the Note 2.

posted on 25 Feb 2014, 13:00 4

4. Mr.Mr.Upgrade (Posts: 474; Member since: 30 Aug 2011)

Nexus5 ftw

posted on 25 Feb 2014, 13:05 4

5. Commentator (Posts: 3722; Member since: 16 Aug 2011)

So they just go two months without a phone then?

posted on 25 Feb 2014, 13:14 3

6. Sakeem (Posts: 611; Member since: 05 Sep 2012)

I'm sure the same will happen when the Iphone 6 is revealed.

posted on 25 Feb 2014, 13:17

7. uchihakurtz (Posts: 404; Member since: 12 Nov 2012)

Shows how much of a fail the SFail, I mean, SFive is. I hope this really kicks Samsung in the butt so they can actually deliver in the next iteration. You need to fall to rise again.

posted on 25 Feb 2014, 13:33

9. PBXtech (Posts: 1032; Member since: 21 Oct 2013)

Probably not going to happen. People were down on the S4 for the exact same reasons, and it sold a massive amount of phones. The S5 will too.

What I want to know is where did Design 3.0 go? Some of the images looked outstanding, but they are nowhere to be seen with this iteration of Galaxy.

posted on 25 Feb 2014, 13:42

10. Dommer (Posts: 4; Member since: 07 Jan 2013)

48% of what baseline number? If sell.com was taking in a 100 iPhones a week then 48% increases are meaningless. Also, none of these phones would have been active phones otherwise they would be traded in at a retailer towards their next phone. This report says nothing other than these iPhone customers were taking their old iPhones and maximizing value.

posted on 25 Feb 2014, 21:43

16. networkdood (Posts: 6330; Member since: 31 Mar 2010)

If I owned a boring phone, as in an iphone, I would want to sell it, too, but, not for a S5, I would sell it for a phablet, like the Note 3, or Note 4...
Also, stop, stop, stop beeotching about the S5 - if you do not like it - FINE - move on, as there are a ton of Android phones out there...matter of fact there are lots of Android phones that people do not even consider - check out ALIEXPRESS.com for more Androids....or some other similar website...do not limit yourself to LG, HTC, Samsung, Lenovo, Sony, etc....

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