iPhone 4S lost £99 ($158) in <30 days following iPhone 5 news in 2013
The fact that the resale value of older iPhone model will plunge after the very latest iPhone 5s and 5c model become commercially available (here in the UK) on September 20th is highly predictable. However,CompareMyMobile.com has bothered to produce actual stats on how badly resale prices are set to plummet 30 days following the official Apple announcement on September 10th . For example, the iPhone 4S lost £99 ($158) in less than 30 days following the iPhone 5 news announcement back in 2013. So you’d better get your old iPhone on eBay or Gumtree pronto [quick].
What CompareMyMobile.com is suggesting is that those with existing iOS or Android handsets should download the company’s own free app to monitor prices on eBay over the coming days. You can find it on Google Play, for example, here.
The site also point out that the average recycle store will hold the quote they give once and order has been placed for between seven and 14 days.
So, in order to beat the rush, strike a deal for the best price with a recycler now or use a website like eBay or Gumtree before the iPhone 5s and 5c become available on 20th September [2013.
Working with historic data, CompareMyMobile.com predicts that consumers could lose up to 30 per cent of their iPhone resale value by October 10th 2013.
We just downloaded the app and gave it a try. at the time of writing we could still get £266 for a 16 GB iPhone 5 from mobile phone Xchange. Bet you that will have dropped significantly in 12 hours.
For those UK iPhone owners who are panicking, GoMo News has decided to publish here the CompareMyMobile Press release in full since it provides some guidance on just how much your particular model might fall in value.
CompareMyMobile.com compiles its data from information supplied by over 40 UK recyclers who together handle around £48 million ($77 million) worth of mobile phones in the UK.