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Apple Slashes Estimated Trade-In Values of iPhone, iPad, Mac, and Apple Watch Models Overnight
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It used to be the case that Apple products had very low depreciation, which was tied closely to the fact that their products were priced high and they restricted authorized resellers from discounting their products much. They're still at the top-end compared to devices from other manufacturers, but about a year or so ago they've clearly (albeit quietly) introduced various changes which have resulted in more resellers discounting even brand-new devices in various ways (e.g., buy a new iPhone, get another iPhone for 1/2 price). And that naturally trickles down to have an impact on the resale value of older devices. While it's unfortunate for all of us looking to get a better price for a trade-in or when reselling, it's just the new reality.
Their trade in program is crap. I've had nothing but terrible and 'device is damaged and worth nothing' responses with no recourse or evidence other than 'we said so'.
I've sold many things to Gazelle and been happy and they not once said I valued the thing wrong, three things now I've sent to Apple (MacBook, and 2x iPad) a fully functional and perfect device has 'cracked screen, missing pixels' or some other lie and I get nothing.
I've sold many things to Gazelle and been happy and they not once said I valued the thing wrong, three things now I've sent to Apple (MacBook, and 2x iPad) a fully functional and perfect device has 'cracked screen, missing pixels' or some other lie and I get nothing.
Not sure why this is news. Of course trade in prices go down over time.
I've used the trade in program a couple of times in store, and the ease of use has made it worthwhile. The genius gives it a cursory look, and as long nothing is egregiously broken they give full value.
If I didn't trade in the device I would likely keep it. I don't have the time or patience to deal with the scams to sell stuff online or meet people over Craigslist.
I've used the trade in program a couple of times in store, and the ease of use has made it worthwhile. The genius gives it a cursory look, and as long nothing is egregiously broken they give full value.
If I didn't trade in the device I would likely keep it. I don't have the time or patience to deal with the scams to sell stuff online or meet people over Craigslist.
I had a 2011 MBP 17” with the endemic bad GPU. Apple recently paid me $250 (store credit) for it lol. My guess is they are using these duds for repair parts in their service centers.
I understand how you feel.. but it's a normal depreciation because Xs Max is obviously an older phone nowadays.
In all fairness you can also get a discount for the new iPhone 11 series nowadays. So what's the fuss about..?
You're saying Apple being cheapskate? Look what's your Xs Max worth to Samsung?
Samsung Trade-In | Exchange Phones, Watches & More | Samsung US
Trade in your old phone, smartwatch, tablet, and other devices for a brand new Galaxy. We've made it easier than ever to upgrade how you connect, work and play.
www.samsung.com
And of course you're obliged to trade your phones in for Samsung craps. Good luck with that LOL.
I'm not finding it in Search, but I'm certain there was an MR article sometime in September or October about increased trade-in rates that noted the new rates were a promotion.
The thing about promotional rates is that they do expire once the promo has done its job.
Promotional trade-in offers are an alternative to offering a cash discount on the selling price. One difference is that the discount is not available to each and every buyer, but only those who have a qualifying device to trade-in. Sometimes trade-in offers are targeted to models of competing brands, to encourage brand-switching. Sometimes these offers are targeted to existing owners of the same brand. Sometimes they offer similar incentives regardless of brand. It's all marketing, it's all intended to encourage consumers to do something they may not have otherwise done, or to do it sooner.
Basically, this is part of the standard marketing handbook. It's hardly an example of Apple doing something out of the ordinary.
The thing about promotional rates is that they do expire once the promo has done its job.
Promotional trade-in offers are an alternative to offering a cash discount on the selling price. One difference is that the discount is not available to each and every buyer, but only those who have a qualifying device to trade-in. Sometimes trade-in offers are targeted to models of competing brands, to encourage brand-switching. Sometimes these offers are targeted to existing owners of the same brand. Sometimes they offer similar incentives regardless of brand. It's all marketing, it's all intended to encourage consumers to do something they may not have otherwise done, or to do it sooner.
Basically, this is part of the standard marketing handbook. It's hardly an example of Apple doing something out of the ordinary.
Precisely! Simply indicating it’s not random, the quarter just ended. Three months from now it will happen again.
I have never used Apple's trade-in. How do they value a device (iPad air specifically) with a cracked screen, in UK?
I only received $60.00 for A very pristine iPhone 6 Plus. It did not have a mark or scratch on it and was in perfect working condition.
Some of the comments here make me wonder if people realize that trading in is not about getting fair market value; it's about simplicity for the consumer, and profit for the company (whether they refurb it or just melt it for materials). If you want fair market value you have to put some work into it and sell it on Swappa or Ebay or wherever. But otherwise there's going to be a convenience discount for simply handing it over to a company (whether it's Apple or Best Buy or whoever).
Given the nature of consumer electronics, I would think that, after one year of use, 50% drop in value for no hassle trade-in is pretty typical. Of course, you can always sell it yourself to a third party.
It‘s the same with cars. You always get more money selling to a third party rather than trading-in with a dealer.
It‘s the same with cars. You always get more money selling to a third party rather than trading-in with a dealer.
In-store trade-ins direct through Apple are fine, but their 3rd party trade-in partners who handle mail-ins are pretty poor. Brightstar especially is just a scam organization.
I'm not surprised Apple lowered the trade-in value which coincides with the news of increased sales in China.
www.macrumors.com
When the sales of iPhones go down, you will see Apple take steps to increase sales just like what we saw at the beginning of 2019. It's simple economics. When demand exceeds supply, consumers can expect less and vice versa.
With that said, keep your phone longer or keep the existing as backup if you plan to buy a new one.
iPhone 11 Popularity Earns Apple Double-Digit Growth in China
Apple saw a significant jump in smartphone shipments in China last month thanks in part to the popularity of the iPhone 11, according to Bloomberg. ...
www.macrumors.com
When the sales of iPhones go down, you will see Apple take steps to increase sales just like what we saw at the beginning of 2019. It's simple economics. When demand exceeds supply, consumers can expect less and vice versa.
With that said, keep your phone longer or keep the existing as backup if you plan to buy a new one.
Is there a reason why Apple doesn't breakdown the trade-in prices depending on model/spec level?
For example, I have an Apple Watch Series 5 now (wife's job gave her two for free) so I wanted to trade-in my Series 4 (Stainless steel) for a Apple gift card but...Apple is only offering $100.
I paid over $800 for this watch in 2018 but Apple only offers $100 now? I guess I'II just buy the base model going forward so I don't lose that much doing a trade-in but I'm shocked it's a set price no matter which version you own?
I now have a co-worker that's willing to buy it for $350 haha so I'II go that route but I'm never buying more than the base mode Apple Watch ever again plus I wasn't super impressed with the stainless steel anyway.
For example, I have an Apple Watch Series 5 now (wife's job gave her two for free) so I wanted to trade-in my Series 4 (Stainless steel) for a Apple gift card but...Apple is only offering $100.
I paid over $800 for this watch in 2018 but Apple only offers $100 now? I guess I'II just buy the base model going forward so I don't lose that much doing a trade-in but I'm shocked it's a set price no matter which version you own?
I now have a co-worker that's willing to buy it for $350 haha so I'II go that route but I'm never buying more than the base mode Apple Watch ever again plus I wasn't super impressed with the stainless steel anyway.
But keep in mind that is pretty much private market. Trade is are usually much worse. Just research used cars vs trade in’s. Seriously, is anyone serious with their whining, or just whining? Can’t say I ever heard of used dells brining huge trade in values, or samsungs
I think the most surprising thing for me is the Apple Watch. Up to $70 for a series 3?
I expect to get at least another two years out of my SS series 3unless they really wow me with some feature I somehow can't live without. If I sold it today I wouldn't expect anything less than $200 for it, based on going rates. Though I do have to wonder what happens with all of these traded devices. Maybe it's break even/lossfor Apple.
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You're not wrong about the used car market but a private sale typically doesn't net you 3x trade in value. It's usually a difference of 15% or so.
I expect to get at least another two years out of my SS series 3unless they really wow me with some feature I somehow can't live without. If I sold it today I wouldn't expect anything less than $200 for it, based on going rates. Though I do have to wonder what happens with all of these traded devices. Maybe it's break even/lossfor Apple.
[automerge]1578674743[/automerge]
In my example of my Apple Watch I'd get at most $70 for an SS series 3 whereas I could sell for $200-230.
You're not wrong about the used car market but a private sale typically doesn't net you 3x trade in value. It's usually a difference of 15% or so.
So on point. I bet you take a car you bought new into the dealer after a year and expect your money back. For a lesson in economics, if you sell a product to an end user, you get a better price than if you sell to someone who will resell it. The reseller will need to pay for refurbishment costs, selling costs, and make money on it. Seriously, whiners on this post can’t understand that?Massive depreciation for the Apple Watch.
The value of trade in phones at Samsung always goes up when they launch a new phone. When the S20 comes out, everything will go up by at least $100.I understand how you feel.. but it's a normal depreciation because Xs Max is obviously an older phone nowadays.
In all fairness you can also get a discount for the new iPhone 11 series nowadays. So what's the fuss about..?
You're saying Apple being cheapskate? Look what's your Xs Max worth to Samsung?
View attachment 887850Samsung Trade-In | Exchange Phones, Watches & More | Samsung US
Trade in your old phone, smartwatch, tablet, and other devices for a brand new Galaxy. We've made it easier than ever to upgrade how you connect, work and play.
And of course you're obliged to trade your phones in for Samsung craps. Good luck with that LOL.
Yeah, I honestly feel like this is a scam by all phone manufactures and the industry at large. Like how can you charge extra on the front for certain storage capacities, but then on the back end "choose" not to distinguish any longer. Very unfair...
I've actually thought about filing a lawsuit.
I see prices significantly higher than those for good quality ones on eBay. The last phone I sold was my 7 where I bought my XS. it was 2 years old and worth like $450 at the time