Doesn't make sense to me either. [...] Don't get me wrong, they are still extremely capable machines, but the pricing is perplexing to me.
Because it’s not solely or presumably primarily about comparing models, rather likely about how much Apple is taking a hit off the the original price tag. In other, simpler words:
Apple is in the business to make money.
Let’s take a closer look:
Refurbished are usually 15% off. And sometimes for older models, Apple don't discount them further, but sometimes they do
Currently:
M1 Max Mac Studio 64GB/1TB $1909 - 4 Years old
M2 Max Mac Studio 64GB/1TB $2139 - 3 Years old
M4 Max Mac Studio 64GB/1TB $2459 - 6 Months old ($2899 brand new)
The Mac Studio with M1 Max model referenced is the 32-core GPU option (vs. the base 24-core GPU)
$1999 (base) MSRP
+ $200 for SOC upgrade
+ $400 for RAM upgrade
+ $200 for SSD upgrade
= $2799
$2799 - $1909 = $890 (31.8% discount)
The M1 series Mac Studio models were released in March 2022, ~3.5 years ago.
$890 / 3.5 years = $254.29 average per year reduction
The Mac Studio with M2 was released in June 2023
$1999 (base) MSRP
+ $400 for RAM upgrade
+ $200 for SSD upgrade
= $2599
$2599 - $2139 = $460 (17.7% discount)
$460 / 2.25 years = $204.44 average per year
The Mac Studio with M4
$1999
+ $300 for SOC upgrade — Apple doesn’t allow any RAM upgrades on the base SOC config.
+ $400 for RAM upgrade
+ $200 for SSD upgrade
= $2899
$2899 - $2459 = $440 (15.2% discount)
So, over time, yes, current models have the highest discount.
Another observation is that, apparently, Apple’s upgrade pricing and how trade-in values rarely reflect CTO/BTO upgrades allow higher discounts on refurbished CTO/BTO configurations.
For personal systems, I snipe off eBay and elsewhere.
Ebay is even worse. At least with an Apple refurb you're getting essentially a brand new system with a full warranty from the manufacturer. On Ebay you're buying used in who knows what condition for not much less than brand new from Apple.
That should absolutely be part of the consideration, valuation.
Each Apple Certified Refurbished Product:
- undergoes full functionality testing and any defective modules identified in testing are replaced.
- Apple Watch and Apple Pencil devices that require replacement parts are not included in the Apple Certified Refurbished Program.
- is put through a thorough cleaning process and inspection.
- is repackaged (including appropriate manuals, cables, new boxes).
- includes either the Operating System originally shipped with the unit or, in some cases, a more recent version.
- is placed into a Final QA inspection prior to being added to sellable refurbished stock.
Refurbishment procedures follow the same basic technical guidelines as Apple's Finished Goods testing procedures.
All Apple Certified Refurbished Products are covered by a one-year limited warranty. For more coverage, you have the option of purchasing the AppleCare Plan with your Apple Certified Refurbished Product. The AppleCare Plan provides up to three years of world-class support for Mac, and up to two years of world-class support for iPad, iPod, iPhone, Apple Watch, Apple TV and HomePod.
Save up to 15% on a refurbished Mac. Tested and certified by Apple including a 1-year warranty. Free delivery and returns.
www.apple.com