Iphone X resale value in 1 year?

Discussion in 'iPhone' started by omelet1978, Sep 17, 2017.

  1. omelet1978 macrumors regular

    Joined:
    Sep 22, 2012
    #1
    Hi,

    I was just wondering if there are any predictions on what the iPhone X resale value will be in 1 year? I'm attempted to buy a $1000 64gb version on Verizon. However, I'd be pretty frustrated if I sold it on eBay when the iPhone 9 came out for like $300 or something like that.

    Thanks
     
  2. 358547, Sep 17, 2017
    Last edited: Oct 5, 2018
  3. BasicGreatGuy Contributor

    BasicGreatGuy

    Joined:
    Sep 21, 2012
    Location:
    In the middle of several books.
    #3
    If you want the new phone and can afford, then get it. Don't buy the phone expecting it to resale for a specific price you want. It may or may not happen.

    iPhones are not an investment. Resolve yourself to not expect x amount of money and you will be better for it.

    No one can rightfully say what the resale value will be in a year.
     
  4. recoil80 macrumors 68020

    Joined:
    Jul 16, 2014
    #4
    Good advice.
    I don't know how easy will be to sell iPhone X next year, but I think it is getting harder to ask high prices for old iPhones nowadays.
    A lot of people have an iPhone now, Apple is still selling iPhone 7 at a reduced price and will do the same next year with iPhone 8. Why buy a used device when you can have a brand new one with warranty at a reasonable price?

    That's why I hope they'll launch iPhone upgrade program in my country as soon as possibile. I don't want the hassle to sell my old device and see how much money I'm losing after only 12 months. You pay a monthly fee and that's it, every year you can have the latest and greatest and don't care about resale value
     
  5. stabile007 macrumors regular

    stabile007

    Joined:
    Feb 21, 2009
    Location:
    Philadelphia, PA
    #5
    iPhones tend to depreceate more slowly then other phones out there but they still depreceate. Once a new phone is announced I suspect depending on the changes the X will have a slightly faster dip in value then previous to the announcement. I however sincerely doubt it will only go for $300 on eBay next year. Maybe like $650-$750? Depends on the box, condition, and time of sale.

    This is all an estimate based on my experience selling off my old phones anyways so take it with a grain of salt.
     
  6. democracyrules macrumors 6502a

    Joined:
    Nov 18, 2016
    #6
    Superb advice I always love your advice to people. Awesome, mature and very reasonable. I have to learn from you.
     
  7. bufffilm, Sep 17, 2017
    Last edited: Sep 17, 2017

    bufffilm Suspended

    bufffilm

    Joined:
    May 3, 2011
    #7
    Resale value will depend in large part on whether Apple will release a successor to the ipX and what features the standard models get in 2018.

    For example, if the plus model gets OLED in 2018, I think that will reduce ipX resale values considerably.

    And if Apple releases an iPhone X2 next year (and I think they just might) and let's suppose the notch fiasco gets corrected...what possible reason would one buy the older version beyond the simple fact that it will be priced less?

    And if TouchID returns to the ipX in 2018, that's just one more reason to not buy the older phone and may hurt resale value even more.

    Bottom line...it's impossible to forecast what resale values will be for the ipX in 2018.

    It might drop $200-$300 as a best-case scenario and it may be 50% less if Apple admits to their mistakes and fixes them.
     
  8. CEmajr macrumors 601

    Joined:
    Dec 18, 2012
    Location:
    Charlotte, NC
    #8
    Typically the top tier iPhones lose around $300 in retail value by the time the new one is about to come out. I see 256GB 7 Plus's going for $650-750 so it's probably safe to assume the 256GB X will be in the $750-800 range by this time next year as long as Apple prices its successor at the same price as the current X.
     
  9. throAU macrumors 603

    throAU

    Joined:
    Feb 13, 2012
    Location:
    Perth, Western Australia
    #9
    Anything would be just speculation, but i think it will not have good resale at all.

    The notch, the first revision of faceID (will get better), the ridiculous price (which won't carry to the secondhand market when v2 is out next year), etc. I very much suspect v2 will fix a lot of the iphone X issues; if not, well, Apple are totally asleep at the wheel.

    If you care about resale at all, i would not recommend the iPhone X. Its like the iPhone 1, except with more retarded decisions made during its design.
     
  10. maflynn Moderator

    maflynn

    Staff Member

    Joined:
    May 3, 2009
    Location:
    Boston
    #10
    Any talk about resale value is pure speculation. The phone could have some major issues, and its resale value will be much lower then people think, it could be a huge winner, but with supplies constrained the resale value will be through the roof.

    No one knows as its much too early to fathom what it could be
     
  11. omelet1978 thread starter macrumors regular

    Joined:
    Sep 22, 2012
    #11
    I think my main worry is that Apple drops the price next year to the iPhone 8 and 8 Plus pricing levels which are $700 and $800. That would definitely kill the X's resale value.

    I kind of doubt that will happen. I think that with the pricing structure of just paying like $40 a month for the phone Apple can get away with charging $999 outright.
     
  12. Relentless Power macrumors Penryn

    Relentless Power

    Joined:
    Jul 12, 2016
    #12
    The only advice I could give somebody if they wanted to possibly obtain the maximum out for their phone, is sell it before the new iPhone is announced. By the time the new iPhone is announced, others tend to sell their iPhones of the same model, the market will become heavily saturated as it is right now with the iPhone 7.
     
  13. MrMister111 macrumors 68020

    Joined:
    Jan 28, 2009
    Location:
    UK
    #13
    Have to say I'm interested in this and probably for first time a little worried, if correct phrase, on resale.

    I understand it's not an investment, shouldn't rely on resale etc.

    But because this a 1st gen type I think the 2nd gen will be cheaper slightly, faceID better, screen better, TouchID added etc etc and this will reduce it further.

    If I go for a X this year, I'm going to try and get on the IUP, but I think pre-order will slow this route down....
     
  14. OneMike macrumors 603

    OneMike

    Joined:
    Oct 19, 2005
    #14
    It’s hard to guess resale value. If that’s your concern though I’d say maybe look into one of the upgrade programs.
     
  15. gadget123 macrumors 68020

    Joined:
    Apr 17, 2011
    Location:
    United Kingdom
    #15
    Well the IPhone 7 has halved its value.

    My prediction is it will be worth £480 to £500 going by the resale value of the plus model.
     
  16. Newtons Apple macrumors Core

    Newtons Apple

    Joined:
    Mar 12, 2014
    Location:
    Jacksonville, Florida
    #16
    These phone are for sure not a good investment.
     
  17. aakshey macrumors 68000

    aakshey

    Joined:
    Jun 13, 2016
    #17
    2018’s iPhone would probably start at USD 1000.

    If the iPhone X still sells then, it would be USD 800ish.

    So a second hand one without warranty will go for USD 500-600 tops.
     
  18. ricktat macrumors 65816

    Joined:
    Feb 18, 2013
    #18
    The more money you spend...The more money you lose.

    iPhone 7 plus 256GB used to be the worst.

    iPhone X 256GB is the new worst.

    If you buy on a payment plan and trade back next year then you at least limit your loss to 50%.


    Best decision is the SE. $349 lost worst case
     
  19. kevroc macrumors 6502

    Joined:
    Oct 15, 2011
    #19
    I’m a big proponent of resale value, that helps me upgrade from device to device. Just upgraded from 2015 IPP to 2017 IPP for a net cost of $350, all because I was able to resell my 2015 IPP for a decent price. So resale value for me is always part of the equation.

    I don’t think though that they’ll get cheaper next year, maybe the same. It is a tricky one because they could make improvements over this first gen that drop the resale value more than an iPhone normally would, but that’s not going to affect the price by more than $100 I wouldn’t think.

    Also, people seem like they are hanging onto their phones longer, so I think that helps overall resale value. I’m not so sure the X is going to sell as well as everyone thinks.
     
  20. tubeexperience macrumors 68040

    Joined:
    Feb 17, 2016
    #20
    If you have to use resell value to justify the product, you should not buy it.
     
  21. eyedoc2020 macrumors regular

    Joined:
    Sep 12, 2015
    Location:
    NOVA
    #21
    Who buys a phone for resale value? Electronics go down in value quickly
     

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20 September 17, 2017