After September 10th, the value of your old iPhone might drop by 30%

After September 10th, the value of your old iPhone might drop by 30%
If you've been thinking about unloading an older phone to help cover the costs of buying a new Apple iPhone or one of the Pixel 4 models, you should take a look at some data compiled by Decluttr. The latter is an app (iOS, Android) that helps you sell your "stuff." Decluttr says that phones start losing value once you open the box and drop even more when an updated version is released a year later. Not all handsets depreciate at the same rate, and Decluttr took a look at the resale market for the iPhone, Samsung's Galaxy S flagships, and the Google Pixel line. As a rule of thumb, Android devices depreciate faster than iOS devices.

Based on 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 has lost 49% of its value in the 11 months that it has been available with a resale price of $512. If you look at the chart showing iPhone depreciation, you can see that first month tumble. Interestingly, there seems to be a small rebound in price from the 16th to the 19th month before the fall in value resumes. With Apple expected to introduce its 2019 iPhone lineup on September 10th, here is an important statistic for you to keep in mind: on average Apple iPhones drop 30% in value once the new models are announced.



Samsung's phones lose value more rapidly than Apple's handsets do. Take the Samsung Galaxy S10 and 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 handset, which cost nearly $900 at launch, is currently being resold for a price in the neighborhood of $300.


Remember, these figures are for previously owned handsets and not for new units still in the box.

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8 Comments

1. KingSam

Posts: 1480; Member since: Mar 13, 2016

That's why I buy year old. Best value.

5. mackan84

Posts: 560; Member since: Feb 13, 2014

Amen!

9. 47AlphaTango

Posts: 734; Member since: Sep 27, 2015

AGREEED!

2. darkkjedii

Posts: 31328; Member since: Feb 05, 2011

I’m keeping my Max till at least 9-2020. The next iPhone has to have 5G, or there’s no use in buying it.

3. nikhil23

Posts: 472; Member since: Dec 07, 2016

Because Samsung always sweetens the purchase with deals and promos. Note 10+ is priced $1100 which is ~$1200 with taxes. I got a refurbished pixel 3 for 400 and traded it for 600. I got 200 in Samsung credit for my accessories (preorder bonus) . Add all that and I got my phone + 2 Galaxy earbuds for ~ $900 (includes price of pixel 3).

4. User123456789

Posts: 1020; Member since: Feb 22, 2019

But the old models at stores will still keep high price.

6. gadgetpower

Posts: 283; Member since: Aug 23, 2019

If camera is great then I will trade my Max. Macbook 16” is the best buy.

8. Vancetastic

Posts: 1614; Member since: May 17, 2017

I'm glad I dumped my X and it's goofy notch already.

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