![]() ![]() People remain wary of Apple’s attempts to manipulate the anticipated lifespan of the iPhone. Many consumers accuse Apple of using the trade-in program to capture even more value from the second-hand market by setting low trade-in prices on their own site and offsetting that from new phone purchases. Consumers can use their old iPhones as collateral against their new purchase and reduce the cost greatly.Īpple even introduced its “Give Back” trade-in program to help encourage buyers to spring for its best models this helps preserve the value of their existing purchases. The fact that the iPhone is so good at retaining its value supports Apple in the premium price tier of their devices. Trade-in prices support Apple’s flagship prices Since the cost of the Samsung Galaxy S series already declines rapidly, it is not surprising that there isn’t much more room for the value of the product to decline. Looking at the Samsung Galaxy S6 to S8 devices, there were only modest drops in prices following the release of the S9. In January 2019, the resale price of the iPhone X jumped back up nearly matching the value before the crash.īy comparison, the same does not seem to happen among Android phones. When it comes to the iPhone X, this proved right. Since the iPhone upgrades are typically announced in September, by January the price of the previous generation iPhone will recover somewhat. Stores know that everyone will go nuts to get the new iPhone, so they set trade-in prices lower to maximize profits. Ironically, after a three-month steep dip in the resale value of iPhones after new models are released, the price will recover. ![]() As there is no commitment to send in the iPhone, people can freeze their value while they wait for the new iPhone to arrive. In addition, the study found that customers taking advantage of any 30-day price lock offered by trade-in stores’ could earn them $100+ more. Therefore, a buyer who wants to own the very latest in technology can remain on top of the curve by trading old device in just as a new device gets shipped.īelow we can see how the price drops look after a whole year, including the huge depreciation in iPhone value following a new release. It was noticeably mentioned that the most significant drop in value comes from three months following every new iPhone launch. IPhone XR, XS, and XS Max have all been retaining a great proportion of the original retail value this year, as well. Another interesting fact they pointed out, is the Samsung Galaxy S9 lost as much as 41.66% in the first month compared to the 30.93% the iPhone X lost in a whole nine months. This is a big plus because it means that a buyer could expect to resell this phone for $690, and then use that money towards acquiring an iPhone XS or the new iPhone 11 coming this September.īy comparison, during the same period, the Samsung Galaxy S9’s value crashed by some 60 percent, double that of the iPhone X – Meaning, while the S9 had a similar retail price, it could sell for just $290. ![]() Now, the good news according to cell phone buyback website BankM圜ell is that the value of an iPhone X declined by only 30 percent in nine months of ownership. ![]()
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