iPhone XS Apple GiveBack Trade-In Values Dropping?

[yukio]

Has anyone else noticed Apple GiveBack trade-in values dropping?

I have an iPhone X 256 that had $500 GiveBack value towards an XS on Sunday, but has dropped to $450 today.

The online store chat guy said that is the maximum amount now for a X/256.

He can't seem to explain why the value dropped 10% over 3 days. Just that I should expect that given the age of the phone.

 

[thadoggfather]

It was $525 for a bit too before dropping to $500

Glad I got in at $500 on my contract X 64gb I paid $549 for with a 2 year a year ago now, on standby for a future iPhone upgrade.


$450 is WEAK!

At the same time the market is flooded with X deals, and the resell market, etc. but still... I think its weak

 

[Apple_Robert]

Not uncommon. The same thing happens with all buyback programs from the various players.

 

[JPack]

My guess is there's an abundance of 5.8" units. People are upgrading to the 6.1" or 6.5" models.

The value of other models hasn't dropped.

 

[thadoggfather]

My guess is there's an abundance of 5.8" units. People are upgrading to the 6.1" or 6.5" models.

Yeah between unsold inventory, re-manufacturing X for some markets, and a floodgate of trade ins that they are refurbishing, I think they're stacked.

 

[Phone Junky]

Sold my year old 64GB X a week ago for $700. If you notice, Apple doesn't "give back" any more money for the higher storage models. Your higher priced/higher storage model isn't worth a dime more to Apple.

 

[joe8232]

Yeah I upgraded my X to a XS Max yesterday was planning to trade in for $500 but they only offered $450 (256gb version). Decided to keep it and try my chances on swappa.

 

[nordique]

Has anyone else noticed Apple GiveBack trade-in values dropping?

I have an iPhone X 256 that had $500 GiveBack value towards an XS on Sunday, but has dropped to $450 today.

The online store chat guy said that is the maximum amount now for a X/256.

He can't seem to explain why the value dropped 10% over 3 days. Just that I should expect that given the age of the phone.

Apple uses a third party to value prices and they fall over time, so Apple doesn't really control it for better or for worse. These third parties use their own algorithms but its not uncommon for such a sudden price drop

It sucks, but generally speaking you'll make your best recuperation from selling privately. Trade in values are never really good relative to used market

If the 50$ drop is a not a fair deal for you, then consider selling private as you'll make more

 

[slippery-pete]

Basically it is like buying a donkey

 

[thadoggfather]

Yeah I upgraded my X to a XS Max yesterday was planning to trade in for $500 but they only offered $450 (256gb version). Decided to keep it and try my chances on swappa.

If you get lazy or whatever you have I believe up to 7 days to trade in for a partial refund on the purchase Just FYI

Traded my 7+ in 3 days after getting Xr and did it

 

[joe8232]

If you get lazy or whatever you have I believe up to 7 days to trade in for a partial refund on the purchase Just FYI

Traded my 7+ in 3 days after getting Xr and did it

Thanks for the info. My X just sold on swappa for $700 so it's all good!

 

[Phone Junky]

Thanks for the info. My X just sold on swappa for $700 so it's all good!

Good job. The Apple trade-in and IUP are for people that “can’t be bothered” with selling their old phone and minimizing their out of pocket costs.

 

[thadoggfather]

Thanks for the info. My X just sold on swappa for $700 so it's all good!

for my X, if it werent a contract locked phone, I'd go craigslist / maybe swappa route too

but $500 even for a phone I got for $549 just seemed fine by me, even being a bit of a rip

convenience and guaranteed squandered funds for something else Apple, since its a giftcard