ANYONE hoping to sell their current iPhone before the new one comes out has been warned that the value could drop drastically within weeks.
The iPhone 14 is set to launch next month, which usually means previous models will drop in price.
Experts have analyzed how new arrivals affect the value of old ones in the past to find out how much owners could lose by leaving too late.
According to Envirofone, data suggests that the iPhones 12 and 13 will drop in value by about 22 percent and 27 percent, respectively, following the release of the iPhone 14.
Depending on the model, the iPhone 13 could see a price drop of anywhere from £26 to £208.
The 128GB iPhone 13 Pro Max is expected to see the highest price drop.
They estimate that pre-owned units of this model could save up to a whopping £168 off their original price.
And the older iPhone 12 isn’t much better.
iPhone 12 could see a drop to as low as £139
It’s forecast to write off between £16 and £130 further depending on the device’s storage space.
“August is the last month of the year when Apple devices sell at the best possible price due to the expected new launches in September,” said Denise Timmis, Brand Manager at Envirofone.
“This is especially true if you want to earn extra cash for your upgrade.
“Realizing how much our devices are depreciating in value due to new product launches further underscores that now is the right time to sell and trade our legacy devices.”
Apple could introduce up to four new iPhone models in September.
Rumor has it that the Pro versions could have a “notchless” design.
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https://www.the-sun.com/tech/6027624/sell-iphone-13-price-drop-apple/ Your iPhone could be worth £200 LESS in days – urgent warning to all owners