Over the years, the Apple devices have been recognized for retaining a high resale value in the second-hand marketeven after several years of use. However, a recent SellCell research has revealed a trend that won’t please those considering selling their brand new Cupertino phone at all: newer iPhone models are losing value at a faster rate than ever.
Therefore, if you are thinking about sell an iPhoneespecially one of the most recent models, it is important that you act quickly, since in a short time they may give you between little and nothing for it.
Newer iPhones lose value faster
According to the study, in the first two weeks after its launch, The iPhone 16 series lost 41% of its valuea significantly higher figure compared to the losses of the iPhone 15 and iPhone 14, which were around 33% in the same period.
In contrast to this situation, Older iPhones, like the iPhone 12 and iPhone 13, don’t lose as much value. These models, although they have been on the market for several years, remain popular options because they still offer excellent performance and are compatible with the latest Apple software updates. Plus, they tend to be more affordable than newer models, which appeals to many value-for-money buyers.
One of the factors that is influencing this iPhone depreciation It is the one that we have been criticizing for some time in the hope that Apple will realize it. In the end, it is true that Each generation of iPhone offers fewer innovations compared to previous models. Customers feel that the upgrades are not as exciting or offer significant improvements to justify the change, which reduces demand for the newer models on the second-hand market and, in turn, revalues the older, cheaper models, but with similar capabilities as the latest smartphones launched by Apple.
The competition earns points
Curiously, while the study alleges that Newer iPhones depreciate fasterthe opposite is happening in the Android ecosystem, mobile phones known for losing a lot of value just by taking them out of the box.
In this case, For example, the Galaxy S23 retained 5.6% more of its value compared to its predecessor, the Galaxy S22, after 12 months. The reason for this change may be that Samsung has improved its long-term support for its devices, providing software updates for longer, which increases the perceived value of its phones. Furthermore, the latest models in the Galaxy S series have received positive reviews for their significant improvements compared to previous models, just the opposite of what has happened with the latest iPhones.
Sell your iPhone as soon as possible, if you want to get money
From this study, we can conclude that, if you have a relatively new iPhone in your possession and you thought sell it sooner rather than laterit’s best not to wait too long. The depreciation of iPhones is a fact and the longer it takes to sell it, the less money you can get for it.
