Register FAQ / Rules Forum Spy Search Today's Posts Mark Forums Read
Go Back   MacRumors Forums > iPhone, iPod and iPad > iPhone

Reply
 
Thread Tools Search this Thread Display Modes
Old Jan 20, 2014, 03:27 PM   #1
Retired Cat
macrumors 6502
 
Join Date: Jun 2013
iPhone 5 depreciation?

I have a factory unlocked black/slate iPhone 5 16GB that cost $650 new.

How much do you think it is worth now?

Gazelle says the trade in value is $250-$260. Craigslist sellers are asking in the neighborhood of $300-350 for 16GB iPhone 5 units. Even automobiles typically don't depreciate this quickly! :-o
Retired Cat is offline   1 Reply With Quote
Old Jan 20, 2014, 03:30 PM   #2
Bear
macrumors G3
 
Join Date: Jul 2002
Location: Sol III - Terra
Quote:
Originally Posted by Retired Cat View Post
...
How much do you think it is worth now?
...
It's worth whatever the market will pay. You've done research and seem to have your answer.
__________________
-----Bear
Bear is offline   3 Reply With Quote
Old Jan 20, 2014, 03:33 PM   #3
cyks
macrumors 68020
 
cyks's Avatar
 
Join Date: Jul 2002
Location: Westchester County, NY
Quote:
Originally Posted by Retired Cat View Post
How much do you think it is worth now?
I think if you traded it in to Gazelle, the value is $250-$260. On Craigslist, you could ask in the neighborhood of $300-350 for 16GB iPhone 5 units.

You can't compare technology with an automobile.
cyks is offline   0 Reply With Quote
Old Jan 20, 2014, 03:56 PM   #4
T5BRICK
macrumors 68040
 
Join Date: Aug 2006
Location: Oregon
Quote:
Originally Posted by Retired Cat View Post
Even automobiles typically don't depreciate this quickly! :-o
The gadget and computer market moves at a different pace from the automotive world. I get that they're both "technology," but they can't be directly compared. I mean, driving down the freeway, you can still see 20-30 year old cars being driven regularly. How often do you see 10 year old phones that still work?
T5BRICK is online now   3 Reply With Quote
Old Jan 20, 2014, 04:31 PM   #5
617aircav
macrumors 68000
 
Join Date: Jul 2012
Quote:
Originally Posted by Retired Cat View Post
I have a factory unlocked black/slate iPhone 5 16GB that cost $650 new.

How much do you think it is worth now?

Gazelle says the trade in value is $250-$260. Craigslist sellers are asking in the neighborhood of $300-350 for 16GB iPhone 5 units. Even automobiles typically don't depreciate this quickly! :-o
You just found out on your own how much its worth.
617aircav is offline   1 Reply With Quote
Old Jan 20, 2014, 04:44 PM   #6
sammy-boy
macrumors regular
 
Join Date: Nov 2013
Location: Staffordshire, UK
It does appear that iPhones do hold their value much better than other smartphones though, Android etc. phones do seem to depreciate faster than Apple's handsets do. I recently bought an O2-locked iPhone 5 for 325 from a CEX shop in the UK which is a drop from the new price but still pretty good considering it's now a discontinued handset.
sammy-boy is offline   1 Reply With Quote
Old Jan 20, 2014, 05:13 PM   #7
Retired Cat
Thread Starter
macrumors 6502
 
Join Date: Jun 2013
Quote:
Originally Posted by Bear View Post
It's worth whatever the market will pay. You've done research and seem to have your answer.


Quote:
Originally Posted by cyks View Post
I think if you traded it in to Gazelle, the value is $250-$260. On Craigslist, you could ask in the neighborhood of $300-350 for 16GB iPhone 5 units.

You can't compare technology with an automobile.

Yeah, I was just wondering if prices were different elsewhere.

Old mobile phones still work. IMO the big problem is batteries, because they are usually proprietary and no longer made for old phones. I could find leftover stock, but after a few years even unused batteries are degraded. I think that may be part if the reason old phones are not worth much, capabilities aside.

If the phone has no ability to function on battery, it is no longer very mobile.
Retired Cat is offline   1 Reply With Quote
Old Jan 20, 2014, 05:34 PM   #8
GoBengals
macrumors newbie
 
Join Date: Jun 2013
the 5 went down faster than most due to the 5c replacing it, instead of a new model, you got a new model and a remake of the last model, that came in at much less that the old model(retail contract wise).
GoBengals is offline   1 Reply With Quote
Old Jan 20, 2014, 08:56 PM   #9
carjakester
macrumors 65816
 
carjakester's Avatar
 
Join Date: Oct 2013
Location: Lagrange Park, Illinois
cars aren't getting the same kind of upgrades each generation of iPhones are.
__________________
Late 2013 rMBP iPad 4 Retina Ipad Mini Iphone 5s Apple TV 3
carjakester is offline   0 Reply With Quote
Old Jan 20, 2014, 09:22 PM   #10
iPodJedi
macrumors 6502a
 
iPodJedi's Avatar
 
Join Date: Nov 2013
Location: Apple Store, USA
Quote:
Originally Posted by Retired Cat View Post
I have a factory unlocked black/slate iPhone 5 16GB that cost $650 new.

How much do you think it is worth now?

Gazelle says the trade in value is $250-$260. Craigslist sellers are asking in the neighborhood of $300-350 for 16GB iPhone 5 units. Even automobiles typically don't depreciate this quickly! :-o
Well the phone is used-even if it is in good condition the value deteriorates. And just because they don't make the iphone 5 anymore doesn't mean that it has any extra value.

It is probably worth +/- $300(just average price from research)
Remember gazelle has to make a profit off of what they buy from u when they resell the phone, whereas people on craigslist are buying the phone for themselves and don't need to make room for profit like Gazelle does.

Also, just BTW, what people are asking for on craigslist and what people are paying for the iPhones are two different things...

People on craigslist ask for more than it is worth hoping for a better deal but then they are talked down on their asking price by the customer.
__________________
iPhone 5c, blue, 16GB | iPod touch 4, black, 8GB | iPod nano 7, Product [RED], 16GB | iPad mini, WiFi, black, 16GB | Apple TV | HP Mini 2090nr, red, 250GB, and max RAM upgrade
iPodJedi is offline   0 Reply With Quote
Old Jan 21, 2014, 01:01 PM   #11
takeshi74
macrumors 601
 
Join Date: Feb 2011
Quote:
Originally Posted by Retired Cat View Post
Old mobile phones still work. IMO the big problem is batteries, because they are usually proprietary and no longer made for old phones. I could find leftover stock, but after a few years even unused batteries are degraded. I think that may be part if the reason old phones are not worth much, capabilities aside.
Batteries are a small part. It's consumer demand for the latest & greatest and ever changing tech that are the biggest reasons for the rapid depreciation. The 5 that you mention in your OP has a battery that is fine, right? Is its battery really driving down its value?
takeshi74 is offline   0 Reply With Quote
Old Jan 21, 2014, 01:23 PM   #12
madmaxmedia
macrumors 68030
 
Join Date: Dec 2003
Location: Los Angeles, CA
Send a message via Yahoo to madmaxmedia
If you want absolute top dollar, sell it on EBay and open the auction up to international bidders since it is unlocked. But you have to be very careful about shipping, etc. to prevent fraud. I think you'd get around $400 though, and net around $370 (that's my semi-educated guess.)

There's a relatively high price disparity now between locked and unlocked, since it is no longer cheap and easy to unlock an ATT iPhone.

I bought a 64GB black ATT iPhone 5 recently on EBay from Gazelle for not much over $300 (there was a bonus EBay cash back offer so it will come out to right about $300 even.) It was marked as fair condition since there are some scuffs, but the glass was perfect.
madmaxmedia is offline   0 Reply With Quote
Old Jan 21, 2014, 02:39 PM   #13
JayLenochiniMac
macrumors 601
 
Join Date: Nov 2007
Location: New Sanfrakota
Quote:
Originally Posted by GoBengals View Post
the 5 went down faster than most due to the 5c replacing it, instead of a new model, you got a new model and a remake of the last model, that came in at much less that the old model(retail contract wise).
Actually, it's worth more unlocked compared to the 4S after about the same time (but only if unlocked) as the $2 per unlock days are over. I got $500 for my at&t unlocked 32 gigs black some months ago, the highest of any previous used iPhones that I've sold unlocked.
__________________
Home iMac 27" 2.9GHz Intel Core i5
Work iMac 24" 2.8GHz Core 2 Extreme
Mobile iPad (4th gen) & iPhone 5 S⃣
JayLenochiniMac is offline   0 Reply With Quote
Old Jan 21, 2014, 04:16 PM   #14
Shanghaichica
macrumors 6502a
 
Join Date: Apr 2013
Location: UK
Quote:
Originally Posted by sammy-boy View Post
It does appear that iPhones do hold their value much better than other smartphones though, Android etc. phones do seem to depreciate faster than Apple's handsets do. I recently bought an O2-locked iPhone 5 for 325 from a CEX shop in the UK which is a drop from the new price but still pretty good considering it's now a discontinued handset.
They do. I was looking at how much my galaxy S4 was worth as I've just got the iPhone 5S. I was shocked to see that it was only worth 190. It's a flagship Samsung device, which hasn't been out even a year and it's not worth much anymore. I've given it to my boyfriend, rather than sell it for such an insultingly low price.
__________________
ipad mini 16 GB, Apple TV 3rd Gen, Samsung Galaxy Note 3, chromecast.
Shanghaichica is offline   0 Reply With Quote

Reply
MacRumors Forums > iPhone, iPod and iPad > iPhone

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 10:26 AM.

Mac Rumors | Mac | iPhone | iPhone Game Reviews | iPhone Apps

Mobile Version | Fixed | Fluid | Fluid HD
Copyright 2002-2013, MacRumors.com, LLC