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iPhone X resale value jumps to 68 percent ahead of Apple's September 12 event

iPhone X resale value jumps to 68 percent ahead of Apple's September 12 event
Was the iPhone X a hit? Plenty of analysts don’t seem to think so, with some pointing the finger at Apple’s priciest mobile device ever for Huawei’s recent climb to second place in the global smartphone vendor chart.

But in addition to keeping Cupertino’s profit margins nice and hefty, the company’s first “all-screen” design has also provided incredible value for its users. We don’t mean that in a figurative way, mind you, as the divisive but well-reviewed iOS handset already headlined a resale value report a couple of months back.

In the meantime, the iPhone X has obviously further depreciated, but not as badly as its forerunners, cousins, and market rivals. In fact, Music Magpie, known in the US as Decluttr, which can be a very handy tool for getting fast money in exchange for “your unwanted stuff”, claims that the iPhone X has “held its value higher than any other smartphone released in recent years.”

Specifically, it seems a mint-condition iPhone X is now worth only 32 percent less than back when it was originally released, which means the device has managed to retain a whopping 68 percent of its initial value after 11 months on the market.

In comparison, the iPhone 8 has depreciated 45 percent, the 8 Plus is now worth 43 percent less than last year, while Samsung’s Galaxy S9 and S9+ have plunged 46 and 48 percent in value respectively during their first four months of availability alone.

What’s interesting, although not necessarily surprising, is that the iPhone X resale value has fluctuated a little over the past few months. Six months in, the handset had already lost 45 percent of its retail price, but as the Xs and Xs Max draw near, that depreciation has diminished. Apparently, it takes time to truly appreciate this soon-to-be-discontinued bad boy. Or perhaps it’s precisely that looming discontinuation that’s making the iPhone X seem more valuable than a few months ago.

source: Music Magpie via 9To5Mac

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