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iPhone Resale Values Dropping After iPhone 5 Announcement

iPhone Resale Values Dropping After iPhone 5 Announcement

If you haven’t sold your iPhone 4/4S by now, you’d better get a move on! Reports are coming in that iPhone resale prices are dropping faster than an AT&T phone signal.

Cult of Mac:

In the two days since Apple announced the iPhone 5, values on used iPhones have already dropped as much as 8%. Once the iPhone 5 hits shelves next week, values are expected to drop even faster.

Last week Nextworth would’ve offered $300 for your 16GB iPhone 4S, this week it’s already dropped to $273. Other sites like Amazon, Gazelle, and USell have all lowered their offers.

All news on the resale front isn’t bad though, Apple’s Reuse and Recycling Program is still offering $285 for the 16GB iPhone 4S, and I just got offers of $200 for my wife’s 16GB iPhone 4, and $300 for my 16GB iPhone 4S from eBay.

If you’re in the market to sell your iPhone, be sure to check out our other related articles for helpful tips and info:

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