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  • Now is a Good Time to Sell Your Old iPhone


    Similar to the trend that occurs every year, resale prices of the iPhone 4S and iPhone 4 will start falling at a higher rate due to rumors of the next-generation iPhone making its debut in less than a month. Since the new iPhone is likely to have a larger screen, thinner design, support 4G LTE networks, and not be what many consider to be a small incremental upgrade, many people are planning on making the purchase once Apple announces and releases the device. This in turn means that a lot of older iPhones are either on the market now or will be in the near future.

    Both Gazelle and NextWorth are two popular sites that specialize in electronic gadget repurchases and tend to be good indicators of the general trend of iPhone resale prices. Below you can find two graphs that show information regarding resale prices of the iPhone 4S back when the iPhone 4S was announced:





    Based on the information, right now might be the best time to sell your iPhone if you plan on making the purchase. According to Gazelle’s Chief Gadget Officer, Anthony Scarsella:

    That precipitous decline in trade-in prices for the iPhone 4S hasn't occurred quite yet, Gazelle's Chief Gadget Officer Anthony Scarsella said in a telephone interview: A 16GB AT&T iPhone 4S in good condition still fetches $277 on Gazelle, or more than enough to defray the initial cost of buying a 16GB AT&T iPhone 5 when it becomes available next month.
    [...]

    Scarsella assumes that the bottom will fall out of these inflated iPhone prices near the beginning of September, or about two weeks before Apple's iPhone event and three weeks before the actual release; that's in line with when prices started falling last year.
    Considering right now seems to be the best time to sell your iPhone 4S or iPhone 4 to prepare for the next-generation iPhone, you may find the following chart useful when it comes to current models and pricing on both Gazelle and NextWorth:



    There seem to be variations depending on your carrier and color of the device but overall, it appears that Gazelle is the better option to sell on. You might be able to snag a better deal for your iPhone on eBay or Craigslist if you are willing to deal with potential buyers on either. This brings us to the main questions: Are you buying the next-generation iPhone? If so, when do you plan on selling your current phone?

    Source: CNET, Gazelle, Huffington Post, NextWorth via iPhoneHacks
    This article was originally published in forum thread: Now is a Good Time to Sell Your Old iPhone started by Akshay Masand View original post
    Comments 26 Comments
    1. tsatryan's Avatar
      tsatryan -
      Think what you want, but my experience proves different. I agree that a very small percentage of all iPhone users jailbreak. But, I can tell you that those I have sold to are looking for an unlock. I have owned every iPhone released. I paid for the first one. Ever since then, I have purchased the new model iPhone for, at most, what I sold the old one for. Why? Because it can be unlocked. Each I phone I have owned is now somewhere overseas.
    1. sziklassy's Avatar
      sziklassy -
      Quote Originally Posted by bigboyz View Post
      I don't remember it taking long to jailbreak the iPhone 4S. Its pretty much the same as the last with some upgrades. The entire blog is complaining about "nothing new" and all that. So I don't see why a jailbreak would take very long. Guess we'll have to wait and see.
      Respectfully, you have a bad memory then!

      We were without Jailbreak for a couple of months. It was torturous, for me at least.

      Quote Originally Posted by Mrteacup View Post
      Okay well heres the thing the people that will buy iphones for full/littlebelowfullprice a month before the next release are dumb. People that are dumb arent smart enough to wait for a jailbreak or know how to jailbreak or even know what it is. Either way only like 10% of people jailbreak. Jailbreaking has no effect on people buying phones really...
      I respectfully disagree with nearly everything you said (minus the number of people jailbreaking). Look at the Apple TV2. It's inferior to the third gen in every why, except that it can be jailbroken. It is demanding a price upwards of $250 currently...
    1. bignighttrain's Avatar
      bignighttrain -
      anekin007 - Today, 01:28 AM
      I'm hold off for more information before I sell my 4S. If the new iPhone is LTE I would risk losing my grandfathered unlimited plan.
      Reply
      You should be able to keep your unlimited data I always upgrade both my iPhone and iPad to the newest one on launch day and I still have my grandfathered unlimited data on both.
    1. anekin007's Avatar
      anekin007 -
      Quote Originally Posted by bignighttrain View Post
      You should be able to keep your unlimited data I always upgrade both my iPhone and iPad to the newest one on launch day and I still have my grandfathered unlimited data on both.
      3G to LTE is completely different data plan. Verizon no longer allow unlimited 3G migration to LTE and I am sure AT&T will follow. AT&T will do anything to get rid of people with unlimited plans.
    1. Snarky Snake's Avatar
      Snarky Snake -
      Quote Originally Posted by anekin007 View Post
      3G to LTE is completely different data plan. Verizon no longer allow unlimited 3G migration to LTE and I am sure AT&T will follow. AT&T will do anything to get rid of people with unlimited plans.
      Long time lurker here, just made an account to say this, I just got a Galaxy SIII and still have my iPhone 4s on my second line but I was grandfathered in with unlimited data and and still have unlimited data with LTE. Not once have I received an email from AT&T about throttling back either in case someone was wondering. I use between 3 & 4 gigs a month.
    1. jakson0100's Avatar
      jakson0100 -
      Quote Originally Posted by evolution83 View Post
      I think this is one time I'll be keeping my phone and not selling. Reason being, if I sell my phone now I won't have a phone to use until the new one comes out.

      So, I'd rather keep my 4 as a backup for the future when I sell upcoming models.
      I would suggest you upgrade your iphone 4s with iphone 5.This is the right time sell it.you can expect to sell this device in Good condition for about $325.00 using movaluate.com/apple/iphone-4s-16gb-verizon-white as a reference. Depending on the exact condition and if there are any add-ons, the price may vary within the fair market range of $312.50 to $335.00.