Apple watch resale values plummeted

Discussion in 'Apple Watch' started by MyAppleWorld, Aug 5, 2015.

  1. MyAppleWorld macrumors 6502

    MyAppleWorld

    Joined:
    Nov 1, 2005
    Location:
    Birmingham, UK
    #1
    I have had my watch for 2 months and for the most part enjoyed it.

    However there are things that annoy me and I've started to use it less.

    I have started to look into selling it on eBay - originally paid £479 for 38mm ss bsb.

    I am quite surprised to see that the same model watch has been failing to sell even at a £360 by other people!!

    Has anyone else noticed this?
     
  2. JayLenochiniMac macrumors G5

    Joined:
    Nov 7, 2007
    Location:
    New Sanfrakota
    #2
    Well, why pay £479 for a used one on ebay now that most Watch models are readily available new through Apple?
     
  3. iphone1105 macrumors 68020

    iphone1105

    Joined:
    Oct 8, 2009
    #3
    Ummm, were you expecting face value or more? Its a used item, and it's not a typical device like a phone, limited audience out there for watches in general. And you got the 38mm? probably hurts too, bigger is always better in resale....
     
  4. DavidLynch macrumors 6502a

    Joined:
    Apr 9, 2015
    #4
    I think most folks that wanted a gen 1 Apple Watch probably have one at this point and those that don't are waiting for a deal. They're readily available.
     
  5. BSben macrumors 6502a

    Joined:
    May 16, 2012
    Location:
    UK
    #5
    If you want to sell it, don't do it in the summer holidays. Also it is second hand, and new shiny ones are available in any Apple Store. And the 38mm will not be selling that well, even people with slim wrists tend to go for the larger one. I think that if you need the cash sell it, if not keep it for Watch OS2.
     
  6. Mac2me macrumors 6502a

    Joined:
    Jun 10, 2015
    #6
    Some people have always paid a premium for products that have yet to hit distribution in a country. Simple supply and demand and cost factoring. Ready supply and the cost will go down in the resellers market. Why wouldn't someone at this point not rather buy it from Apple new, get all the protection new offers, unless you are willing to discount on your end to make up for the warranty, etc. they might be missing out on. Now if the popular black models are in short supply that's a bit different and not sure whether in your area the 38 or 42s are more popular. Again, back to supply and demand.
     
  7. Aluminum213 macrumors 68040

    Aluminum213

    Joined:
    Mar 16, 2012
    #7
    It's a used item , next year of you sell it when the apple watch 2 comes out, be lucky if you get back 50%
     
  8. DynaFXD macrumors 6502a

    DynaFXD

    Joined:
    Jun 15, 2010
    Location:
    East Coast
    #8
    Yeah, no kidding. This is why I have to shake my head at those that buy cases and treat their watches with such kid gloves. More times than not, the reasoning is to preserve resale value for when it comes time to upgrade. Why save the best your watch will be for the next guy when it will only matter a few dollars on an already well depreciated item? It's a watch, not a phone. USE the dang thing and put your butt-print in that saddle. If you get a decent price at upgrade time great. If not, keep it for your collection and move on. All IMHO,of course.
     
  9. OriginalClone macrumors regular

    OriginalClone

    Joined:
    Jul 14, 2012
    #9
    I use a rugged case on mine at my main job. I don't want it all scratched up when I'm wearing it outside of work. I can care less about resale value.
     
  10. mcdj macrumors 604

    mcdj

    Joined:
    Jul 10, 2007
    Location:
    NYC
    #10
    2 month old used smart watch sells for less than retail, and this surprises you how? Did you really think the premium prices people were paying at launch would last forever, after ship times dropped from weeks to days, and stores got lots of stock for walk ins?

    If you wanted to test drive the watch for a bit and get out without incurring a loss, you shouldn't have waited anywhere near 2 months.

    In other news, Beanie Babies are worthless.
     
  11. jasoncordelle macrumors member

    jasoncordelle

    Joined:
    Jan 29, 2008
    Location:
    Auckland NZ
    #11
    NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
     
  12. The Game 161 macrumors G5

    The Game 161

    Joined:
    Dec 15, 2010
    Location:
    UK
    #12
    I got £100 for my gear S the current model and i paid over £250-£300 for it...it will always drop if it's used but the resale value will still be loads better than samsung devices
     
  13. maflynn, Aug 6, 2015
    Last edited: Aug 6, 2015

    maflynn Moderator

    maflynn

    Staff Member

    Joined:
    May 3, 2009
    Location:
    Boston
    #13
    Simple economics, when there were long wait times, and a lot of eager people to be the first to own it, the price shot up on ebay because they were willing to spend the money. Now that you can easily get the watch, the resale value has corrected itself.

    The same exact thing occurred with the iPhone 6+ People wanted it, but it was in short supply, the price on ebay shot up until supply caught up.

    You cannot expect to get what you paid for on ebay, that makes no sense. Why should someone pay retail prices on a used watch, when they can easily walk into an Apple Store and buy one brand new.
     

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