As the release of Apple’s iPhone 16 approaches, those considering an upgrade should take note: selling your current Apple iPhone by September 6th could be crucial to maximizing its trade-in value. According to data from SellCell, delaying your trade-in beyond this date could result in a significant loss—potentially costing you up to US$ 104 in just two weeks. Historically, the value of Apple iPhones tends to drop sharply in the lead-up to a new model’s release. In 2023, for instance, an iPhone 14 Pro Max 1TB experienced an 8.3% drop in trade-in value over the four weeks leading up to the iPhone 15 launch. This amounted to a US$ 133 loss, demonstrating how quickly depreciation can set in. Similarly, an iPhone 13 Pro Max 1TB saw its value decrease by US$ 66 during the same timeframe.
For consumers planning to upgrade to the Apple iPhone 16, which is expected to be announced at Apple's Glowtime Event on September 9th and available for pre-order on September 13th, timing is everything. Trading in your old Apple iPhone by September 6th is the recommended strategy to lock in the highest possible value before prices start to fall. Moreover, many US and UK based trade-in services offer a 30-day price lock, allowing consumers to hold onto their device until the new Apple iPhone is in their hands without sacrificing trade-in value.
SellCell’s data underscores the importance of acting quickly. By securing a trade-in deal now, consumers can avoid the steep depreciation that typically occurs as Apple’s new iPhone models hit the market. And all this is great news for global secondary market. Higher trade-in volume means more devices will come available to be processed. Interest in new AI-functionality of Apple iPhone 16 could ignite long-awaited supercycle.
Source: SellCell
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