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iPhone resale value myth
- Thread starter dark_knight177
- Start date
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Seems more like there's a myth about the iPhone resale value myth.
The issue with resale prices is timing.
The max resale price for iPhone (also to max time using the phone) is usually 1-3 weeks before new iPhone is announced. Of course u can sell it weeks or months before new iPhone as well. But u wil be without current gen for longer.
Market gets flooded with iPhones right at launch time. Many people just do not want to go one day without iPhone. So you see a big drop in iPhones around that time. Unlike top android phones which drop in price around the 3 month mark. And even bigger drop when their newer model gets released.
And in my
You guys need to be more specific about
1. Which date you sold your iPhone (September/October/November 2015?). The specific time makes a big difference
2. Net selling cost (after fee/shipping).
Saying u sold iPhone for $900 means nothing to me without those 2 factors in mind.
The max resale price for iPhone (also to max time using the phone) is usually 1-3 weeks before new iPhone is announced. Of course u can sell it weeks or months before new iPhone as well. But u wil be without current gen for longer.
Market gets flooded with iPhones right at launch time. Many people just do not want to go one day without iPhone. So you see a big drop in iPhones around that time. Unlike top android phones which drop in price around the 3 month mark. And even bigger drop when their newer model gets released.
And in my
You guys need to be more specific about
1. Which date you sold your iPhone (September/October/November 2015?). The specific time makes a big difference
2. Net selling cost (after fee/shipping).
Saying u sold iPhone for $900 means nothing to me without those 2 factors in mind.
There was a time where you could take less of a hit percentage wise with an iPhone. Those times are gone.
200 dollars below retail used to be the average price for mint condition previous gen iPhone on and slightly after launch of the new model. Now it's 300-350 below retail, even more if you shop hard enough.
If resale is your goal, get a 16gb model, don't get Apple care and preferably buy it tax free in a place like Deleware and most importantly sell it in Jul/Aug.
Personally I don't care. I want the new iPhone every year so I'll sell whenever is convenient for me or just gift it to a friend.
Apple still has a leg up on Android because many manufacturers don't regulate the price. Why buy a Samsung whatever model for 500 dollars used when I can find it on sale new with a gift card and mail in rebate and 20% off and all that nonsense at the grocery store?
200 dollars below retail used to be the average price for mint condition previous gen iPhone on and slightly after launch of the new model. Now it's 300-350 below retail, even more if you shop hard enough.
If resale is your goal, get a 16gb model, don't get Apple care and preferably buy it tax free in a place like Deleware and most importantly sell it in Jul/Aug.
Personally I don't care. I want the new iPhone every year so I'll sell whenever is convenient for me or just gift it to a friend.
Apple still has a leg up on Android because many manufacturers don't regulate the price. Why buy a Samsung whatever model for 500 dollars used when I can find it on sale new with a gift card and mail in rebate and 20% off and all that nonsense at the grocery store?
Those of us with experience buying new products (of any type) then listing them for sale, months or years later in the used market understand how that process works.
Their are variables that do indeed change, after all, nothing stays the same forever.
iPhones at one point did bring very high resale prices. Those days are OVER.
That is _NO_ longer a fact, or how things are.
If today you sell an iPhone for a particularly good profit, you just got lucky.
For obsessed Apple Fans, that need to pump up their ego by talking about how much more iPhones are worth, well that only proves how insecure they are, and how important it is for them to bash Android.
It has _NOTHING_ to do with what we are talking about here.
My M4 BMW Coupe is worth more than my SE V6 Camry, so what?
Finally if resale is why you buy iPhone, you didn't need a smartphone in the first place.
You need something you can brag about to pump up your pathetic self esteem.
Their are variables that do indeed change, after all, nothing stays the same forever.
iPhones at one point did bring very high resale prices. Those days are OVER.
That is _NO_ longer a fact, or how things are.
If today you sell an iPhone for a particularly good profit, you just got lucky.
For obsessed Apple Fans, that need to pump up their ego by talking about how much more iPhones are worth, well that only proves how insecure they are, and how important it is for them to bash Android.
It has _NOTHING_ to do with what we are talking about here.
My M4 BMW Coupe is worth more than my SE V6 Camry, so what?
Finally if resale is why you buy iPhone, you didn't need a smartphone in the first place.
You need something you can brag about to pump up your pathetic self esteem.
[MOD NOTE]
Enough with the arguing and insults. Please remain civil and polite.
Enough with the arguing and insults. Please remain civil and polite.
Is the iPhone the only usable product whereas the owner feels entitled to get the usage out of it and then turn around and sell it months later for close to the purchase price?
Why wouldn't any new product, purchased at 1K and used for a year, or more, sell for anything more than 50%?
Why wouldn't any new product, purchased at 1K and used for a year, or more, sell for anything more than 50%?
The problem is three things that hardly matter in second hand land:
1. You paid $100 extra for the Plus, doesn't really count in this land
2. You paid $100 extra for 64GB, also hardly matters
3. You paid $100 extra for Apple Care+, also hardly matters
People who buy iPhones second hand most often simply want "an iPhone". All this extra stuff you bought hardly boosts the resale value. This explains your low return on investment, so to say. Your return (relatively speaking) would be a lot higher if you were selling a regular iPhone 6 16GB without the Apple Care.
1. You paid $100 extra for the Plus, doesn't really count in this land
2. You paid $100 extra for 64GB, also hardly matters
3. You paid $100 extra for Apple Care+, also hardly matters
People who buy iPhones second hand most often simply want "an iPhone". All this extra stuff you bought hardly boosts the resale value. This explains your low return on investment, so to say. Your return (relatively speaking) would be a lot higher if you were selling a regular iPhone 6 16GB without the Apple Care.
I have to disagree on the $100 plus difference not retaining its value.
The spread $100 resale difference still remains in effect for iPhone 6 16gb vs iPhone 6 Plus 16gb
I am looking around and current resale prices (ones I think will sell, not overprice ones people are hopping).
iPhone 6 16gb are going for $300-350 16gb
And iPhone 6 Plus 16gb are going from $400-450. The spread $100 remains.
It's the upsell to 64/128 for either model where u won't get the $100 back.
But the $100 difference between 4.7 and 5.5 inch pretty much remains in the resell.
No lol. Got meAre you intentionally misspelling "misspelling"?
Yes 100% agree.
Frankly this response to the "uncarrier " moves of T-Mobile has just shifted equipment cost onto consumers. Carriers were worried that lines 2-5 (lines that paid $9.99) were getting the same $400-450 a line subsidy as the primary line. And up to last year. The big 3 carriers still allowed people to get iPhone for $199 and drop the data plan if consumers put a flip phone back on the line.
You could literally make a nice profit reselling iPhones especially when there were promos.
No lol. Got me
Heheh. It happens. That's why after I pick on someone's grammar or spelling, I proof the living you-know-what out of my submission.
That's just idiotic for someone to paid $900 for 6s. U can walk into Apple Store and paid $850 for 128gb 6S plus taxes.
Than again some people have eBay bucks, discover card 10% rebates etc. so not sure what the motivation is for people who are paying retail prices.