Now8217;s the best time to trade in or sell your iPhone. Why? It8217;s because prices are currently the highest they8217;ll be before they decline next week 8211; around 25 percent better.
That8217;s because next week will see the launch of the iPhone XS and two other iPhone variants thought to be the iPhone XS Plus and a cheaper version of the iPhone X with a slightly larger 6.1-inch screen and aluminium body.
- Recycle your iPhone through O2 Recycle
According to Compare and Recycle, iPhone 6 owners stand to gain the most. For the past three months the 128GB model has enjoyed the biggest spike of £50 in recycling price followed by the 64GB with a price increase of £30 to date.
MusicMagpie8217;s figures for last year8217;s phone are quite favourable. If you trade in an iPhone X 256GB you can expect to gain £680 now. So if you go and buy this year8217;s model it will be a more palatable £319 upgrade providing the iPhone XS retains last year8217;s £999 price point. Check how much your iPhone is worth.
However, Compare and Recycle believe that depreciation is lower on models with lower capacities if you8217;re going to sell and upgrade year after year but interestingly higher capacity models are the best bet if you8217;re going to keep your phone for a long time.
MusicMagpie reckons the iPhone X has held its value higher than any other Apple model released in recent years, a trend that the site has seen more often with Apple’s higher-end models 8211; an average of 68 percent of retained value in a year, in comparison to older devices such as the iPhone 7 and 6 which only managed to hold onto an average of 40 percent of value after a year.
The 64GB iPhone 6 Plus is now earning an average price of £210 says Compare and Recycle and a high capacity iPhone SE, which originally came out as long ago as March 2016, could reach £200 before the launch.
We8217;ve known for some time that iPhones tend to retain value better than other handsets. According to MusicMagpie, these figures contrast with the Samsung Galaxy S9, with the S9+ being particularly hard hit; losing nearly 50 percent of its value since launch while handsets from OnePlus and Google have lost an average of 80-85%.
- Recycle your iPhone through O2
The timing of consumer trade-ins is also important when it comes to getting the best price for old devices. Based on trends in depreciation following the launch of a new phone model, consumers can get 25% more now, in comparison to when the new device is available to purchase.
- iPhone 6 16GB 8211; £111
- iPhone 6 Plus 16GB 8211; £163
- iPhone 6s 16GB 8211; £135
- iPhone 6s Plus 16GB 8211; £178
- iPhone 7 128GB 8211; £255
- iPhone 7 Plus 128GB 8211; £355
- iPhone 8 64GB 8211; £361
- iPhone 8 Plus 64GB 8211; £458
- iPhone 8 Plus 256GB 8211; £549
- iPhone X 64GB 8211; £572
- iPhone X 256GB 8211; £680
- Samsung S6 32GB 8211; £95
- Samsung S6 edge 32GB 8211; £117
- Samsung S7 32GB 8211; £133
- Samsung S7 edge 32GB £166
- Samsung S8 64GB 8211; £260
- Samsung S8+ 64GB 8211; £281
- Google Pixel 2 128GB 8211; £290
- One Plus 5T 128GB 8211; £130
- Huawei P20 Pro 8211; £300
- HTC 10 64 GB 8211; £100
- Check how much your iPhone is worth at MusicMagpie