It’s that time of the year again. Apple is gearing up to launch a new set of shiny iPhones and for those who have been holding out in hopes of scoring the best deal, your time is approaching.
When will the price of a new iPhone drop?
If history has taught us anything it’s that September is the month when Apple announces their new iPhone models. And with the new models comes a price drop for the older, outgoing models, usually by around $100 or so.
While we still don’t have an official date for Apple’s upcoming 2018 iPhone event, you may want to mark the last few weeks of September in your calendar if you don’t mind staying a generation or 2 behind Apple’s yearly release schedule. It’s then you can expect the retail price for previous generation models to drop.
When will the price of a used iPhone drop?
Unlike new retail models — which rarely, if ever see any sort of discounts throughout the year — used prices are almost always falling. Looking over some of our data from the Swappa marketplace, the biggest drop happens the first 3 months after a new iPhone’s release. That’s pretty darn quick.
From there, prices continue to fall, albeit much more gradually. It’s not until April that we see another steep drop in the months leading up to September when, you guessed it, Apple once again announces new iPhones models. After that, the cycle just repeats itself.
Whether you’re looking to buy or sell your used iPhone on Swappa (or perhaps just window shopping), we love sharing the actual prices people are paying for used phones in our marketplace. Why? This helps both buyers and sellers make more informed decisions and ensures everyone is getting the best deal possible.
We know not everyone wants to pay $1,000 for their phone, so we offer thousands of listings for gently used iPhones, you’re always sure to find something to fit your budget. You can get started shopping by hitting the button down below and don’t forget to subscribe to our revived YouTube channel.