Price rises much smaller than after iPhone 5 announcement back in 2012More evidence it would seem that the iPhone 5S and 5C haven’t inspired Apple fanbois as much the iPhone 5 announcement back in 2012. According to mobile phone recycling comparison site CompareMyMobile, the rise in valuations up just 120.25 per cent This is a smaller rise than expected, especially following the 367.57 per cent rise in valuations following the iPhone 5 announcement. By contrast, BlackBerry valuations almost doubled from 10.27 per cent to 20.3 per cent following the 5s/c release.
The site believes consumers are reacting to BlackBerry’s bad news and along with Nokia owners – upgrading to a more popular brand.
The biggest losers in terms of values were the iPhone 5 – down £33.10; the 4S (down £22.25); and the 3G (down £11).
“The opening weekend of the new iPhone 5c and 5s has been intriguing,” commented CompareMyMobile co-founder, Andrew Beckett.
He added, “The expected daily reduction in prices has not been seen as yet due to the very low volumes.”
“We know from last year that the greater the number of recycled iPhones the lower the price gets.”
“It’s just not happening at the moment, clearly the demand from loyal Apple customers is not there,” Beckett suggested.
The company believes this could have happened as many consumers are still in 24 month contracts with the old iPhone 5.
However, with critics stating that there aren’t enough stand out changes to the new model this could show hesitation to upgrade, CompareMyMobile argues.
Given the relatively small numbers of Nokia Lumias out there, Nokia still has a 10.89 per cent share of the resale market whilst BlackBerry has 20.3 per cent.
This compares to Apple’s 30.2 per cent; Samsung’s 23.76 per cent; and HTC’s 5.94 per cent.
Consumers can track the price of their old iPhone using CompareMyMobile’s iOS or Android app (see here).
Intriguingly, we used the app just before the launches and found we could get £266 for a 16 GB iPhone 5 from mobile phone Xchange.
Today [September 25th 2013] we could still get £6 more (£272) from Funkymob but don’t expect the situation to be favourable for much longer.