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09-28-2012, 02:31 AM #1
Launch of iPhone 5 Leads to Large Increase in Reseller Market
According to The Wall Street Journal, the iPhone 4 and 4S are helping to create a second-hand market that is both robust and global. This market tends to be mostly US to overseas in direction and seems to be growing in response to the high visibility of the iPhone brand via the iPhone 5. Basically, an entire industry has grown up around the resale of older iPhone devices. According to Chief Executive of buyback service Gazelle Inc., Israel Ganot, “we are supply constrained. There is insatiable demand for this product.”
What many iPhone owners don’t even realize is that their older iPhone may sell for more than the price originally paid for it, due to the way that U.S. carriers, at least, subsidize the cost of the iPhone by requiring annual contracts, which locks users into a higher overall cost than they may understand. The Wall Street Journal noted that a 16GB iPhone 4S can sell for roughly $240 on gazelle, which is over $40 more than most U.S. users paid for the device. Even the iPhone 4 can sell for $145 according to the report. There are obviously other choices, such as Craigslist, which in many cases ends up netting even more of a profit to those selling used iOS devices. The WSJ continued to note that broken iPhones are also being used for parts and repairs overseas. AT&T phones supposedly sell for a bit more in the second-hand market since they can be used with more networks overseas (since they are based on a GSM network).
The iPhone launch also caused an influx in new selling and buying of older model iPhones, with Gazelle stating that it gave out over 500,000 quotes on the day the iPhone 5 was announced and over 2.5 million in the last month alone. According to the company, almost all of these went to US-based customers. Another surprising fact is that this activity is five times as much as it was a year ago when the iPhone 5 was announced.
How many of you have participated in the buying and selling of used iOS devices? If so, where did you end up buying or selling yours?
Source: The Wall Street Journal
09-28-2012, 02:46 AM #2
Sold my i4, got the 4s. Now planning on selling my 4s, and get the beautiful, amazing, sg3 killing (like it ever needed killing, lol) iPhone 5! Can't wait! Waiting for the iphone 5 madness to die down a little bit, and the more news I hear on a jailbreak, the more i am moving up my purchase date! How much have some of you gotten for your used 4s? And where?El Zurdo
09-28-2012, 02:47 AM #3
iPhone's are always good business for everyone! I've made a good amount of money from buying cheap iPhone 4/4S and reselling them. And the iPhone 5 is roof breaking that I can't even buy one off Craigslist.
Last edited by MXCO; 09-28-2012 at 02:49 AM."You may say I'm a dreamer, but I'm not"
09-28-2012, 02:50 AM #4
I sold my 4s and got £250
09-28-2012, 03:03 AM #5
- Join Date
- Apr 2012
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Bought my iPhone 5 32GB at Verizon on the release day for $300 plus taxes and sold my 4s 32GB for $375 it was in perfect condition of course.
09-28-2012, 03:06 AM #6
3GS ATT at instant sale for $110. 16gb. Best quote I could find. Very easy deal.
09-28-2012, 03:31 AM #7
iphone4 32 gb sold on Monday for 280.99+ shipping. I basically paid $50 for my new one
09-28-2012, 03:38 AM #8
iPhone4 on eBay right now with 2 days left. Already at 245$ and that's for a 16gb
09-28-2012, 04:53 AM #9
I too hope they work on and eventually release one thoTwitter ID: @Jato_BZ
.artwork Assassin / Emoji Extractor
09-28-2012, 05:18 AM #10
09-28-2012, 05:33 AM #11
Sold my iPhone 4s 32gb for £380 on gumtree in the uk just before iPhone 5 got announced! and the guy who bought it travelled 116 miles to get it all the way from Wales!
09-28-2012, 07:18 AM #12
Unlock your phone before selling for the same to fifty bucks more than you boight it for
09-28-2012, 07:23 AM #13
sold my i phone 4 on e-bay got $300 then sold my other i phone 4 to gazelle after getting 2 new i phone 5's 32gig and only got $130 but didn't have to shell out fees for pay Pal or Ebay.
09-28-2012, 07:53 AM #14
Just out of curiosity... Are there any android phones that hold their value like the iPhone?
09-28-2012, 07:58 AM #15
09-28-2012, 08:06 AM #16
09-28-2012, 08:51 AM #17
09-28-2012, 09:34 AM #18
I use "kijiji" to sell
My phones. Got 300 for my
Cracked white iPhone 4 and 300 for a black iPhone 4 "used condition"
09-28-2012, 09:57 AM #19
Sold my 4S for $400 on eBay. AT&T 64GB unlocked like new condition. Had every in the box except for the earbuds. Even paperwork and stickers lol ;-p
09-28-2012, 11:18 AM #20
Yup! Same here. When AT&T said they'd give me $150 for my iPhone4 (with a cracked back glass plate btw), I said "SOLD!!!" lol I didn't have the patience to sell it online...[/QUOTE]
AT&T buys old iPhones?? if so, how does it work?