The latest iPhones may be pricey as usual, but everyone is known to hold their value much better than their premium Android competitors. But there comes a time in the life of every iPhone when its value drops dramatically. Over time, it continues to lose more of its value, and this happens immediately after the release of the new iPhones. In a new analysis by Decluttr, it shows how the value of the old iPhone decreased when the new was released.


Most iPhones actually begin to drop in value during the first month after the new release. The decrease may reach up to 30% immediately after Apple announces the new devices, and then the decline may be somewhat slow.

Which iPhone is better value?

Of course, the old iPhone models are declining more than others. For example, the iPhone 7 has fallen in value to nearly 81% since it was first introduced three years ago.

◉ iPhone 7, which was launched in 2016, lost 81% of its value.

◉ iPhone 8, which was launched in 2017, lost 65% of its value.

◉ iPhone 8 Plus, which was launched in 2017, lost 61% of its value.

◉ iPhone X, which was launched in 2017, lost 59% of its value.

◉ iPhone XS, which was launched in 2018, lost 49% of its value.

◉ iPhone XR, which was launched in 2018, lost 43% of its value.

Interestingly, we find that the iPhone X has retained a slightly higher trading value relative to the original purchase price of iPhone 8 devices, and we find that the reverse appears to be true with the iPhone XS and XR last year. This is largely due to the popularity of the iPhone XR. This is what prompted a number of telecom companies to submit "contracted" plans with a large discount for this model before next week's event.


What does this mean?

While this report focuses on commercial values ​​specifically, it is safe to assume that used resale prices will see a similar decline after the iPhone 11 was announced and went on sale next week.

Are you selling your iPhone at a time like this to save some money for a new purchase? Let us know in the comments.

Source:

idropnews

Related articles