IPhone 7 and 7 Plus values plummet, depreciation

Discussion in 'iPhone' started by TheRealAlex, Sep 12, 2017.

  1. TheRealAlex macrumors 68000

    Joined:
    Sep 2, 2015
    #1
    If you own an iPhone 7 or 7 Plus you just lost $150 bucks. Best buddy was trading in his iPhone 7 Plus and was valued at $450 trade in value. Today it's $300.
    You can of course sell it on your own but even then. It's far less desirable now that there's no 7s or 7s Plus model.
     
  2. Relentless Power macrumors Penryn

    Relentless Power

    Joined:
    Jul 12, 2016
    #2
    A price drop Naturally happens when a new iPhone launches. The market is completely saturated with iPhones for those who are wanting to upgrade and selling the previous device. This year is no different.
     
  3. KhunJay macrumors 6502

    KhunJay

    Joined:
    Sep 16, 2013
    #3
    I guess you have to pay someone to take your 5S now.
     
  4. T'hain Esh Kelch macrumors 601

    T'hain Esh Kelch

    Joined:
    Aug 5, 2001
    Location:
    Denmark
    #4
    How is this even a thread?

    New product comes out, and it is even extremely well known in advance, and old product drops in price.
     
  5. ericwn macrumors 68020

    Joined:
    Apr 24, 2016
    #5
    This reads just like your average thread with a troll-ish headline and I guess you’ll hardly post more in here.
    On the topic: new device released, old resale values drop. Welcome to technology.
     
  6. bufffilm Suspended

    bufffilm

    Joined:
    May 3, 2011
    #6
    Exactly.
     
  7. ValhallaOutcast macrumors regular

    ValhallaOutcast

    Joined:
    Sep 12, 2017
    #7
    o_O In Canada Apple was selling the 7plus for $1049 after the key notes it dropped to $899, but you want the trade in value to stay the same?
     
  8. bambooshots macrumors 65816

    bambooshots

    Joined:
    Jul 25, 2013
    #8
    This is news only if you've been living under a rock the last decade or so.
     
  9. ccprstuff macrumors newbie

    Joined:
    Nov 6, 2008
    Location:
    Austin TX
    #9
    What WOULD be interesting to see, after more weeks and months have passed, is by how much the actual drops in 7 resale values (by actual dollars and percentages) are trending above or below the historical resale values of the older models during the same comparative periods following the 7/7+ launch last year.
     
  10. x-evil-x macrumors 601

    x-evil-x

    Joined:
    Jul 13, 2008
    #10
    Do you know how to look at sold listings on eBay?
    The sales of 7 7+ are the same as the 6 6s of previous year. I can sell my 7+ 128gig right now for 600.
    Trade in value? I could care less they don’t give you anything much anyway
     
  11. maka344 macrumors 65816

    maka344

    Joined:
    Nov 4, 2009
    Location:
    London, UK
    #11
    Thank goodness Apple will take the hit when I trade the 7 plus in for the X.
     
  12. x-evil-x macrumors 601

    x-evil-x

    Joined:
    Jul 13, 2008
    #12
    Meanwhile with your 55$ car insurance payment on it.
     
  13. maka344 macrumors 65816

    maka344

    Joined:
    Nov 4, 2009
    Location:
    London, UK
    #13
    $45 actually.

    Still not as much as a loss Selling privately.
     
  14. x-evil-x macrumors 601

    x-evil-x

    Joined:
    Jul 13, 2008
    #14
    How?
    Selling a 7+ online for 600$. Put that down for the new phone and your payment is under 20$ and you can upgrade in a year
     
  15. pullfocus macrumors 65816

    pullfocus

    Joined:
    Sep 17, 2009
    Location:
    LA, CA
    #15
    My 2008 Nissan Sentra isn't worth as much as it was when I bought it.

    The horror and tragedy!
     
  16. x-evil-x macrumors 601

    x-evil-x

    Joined:
    Jul 13, 2008
    #16
    Better be an se-r or it was a pointless upgrade
     

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15 September 12, 2017