Understanding iPhone Depreciation: When Is the Best Time to Sell My iPhone?

Introduction

What Is Depreciation?

Depreciation refers to the decline in value over time. For iPhones, this means that as new models are released and the phone ages, its resale price drops. Depreciation is influenced by the release cycle of newer iPhones, condition, and market demand.

 How Quickly Do iPhones Depreciate?

The depreciation rate for iPhones has increased in recent years. Here’s a quick breakdown:
 
Within the first 6 months: iPhones retain around 80-85% of their original value.

After 1 year: Most iPhones lose 15-20% of their value, with some newer models losing more. Recent studies show the iPhone 15 series lost an average of 55.57% in its first year—significantly higher than previous models.

After 2 years: At the two-year mark, iPhones typically lose around 35-40% of their value.

After 3 years: By this point, an iPhone may lose 50-60% of its value, and depreciation continues as newer models are released.
 
Recent iPhone Depreciation Trends
 
According to recent studies, newer iPhones are depreciating faster:

- The iPhone 13 series lost 40.09% of its value in the first year.

- The iPhone 14 depreciated by 47.80% in the first 12 months.

- The iPhone 15 series saw the largest drop, depreciating by 55.57% in its first year.
 
These statistics highlight a trend where newer iPhone models are losing value faster than previous generations, especially higher-capacity models like the 512GB or 1TB versions, which saw even sharper declines.

Factors That Impact iPhone Depreciation

Several factors influence how quickly an iPhone loses its value:
 
1. New Model Releases
Apple releases new iPhones every September. The value of older models often drops significantly once a new iPhone is announced, typically by 10-20%.

2. Condition
An iPhone in mint condition will retain more value than one with visible damage. Keeping your phone in good shape can slow depreciation.
 
3. Storage Capacity
Higher-storage models typically retain more value but also depreciate faster as they come with a higher initial price.
 
4. Color
Limited edition colors, like Product RED, can sometimes hold value better than standard colors due to their rarity.

When Is the Best Time to Sell?

Based on the depreciation trends and market demand, here are some tips for the best time to sell your iPhone:
 
1. Before the Next Model Is Released
Sell your iPhone in August or early September before the new iPhone is announced. This is when prices are relatively stable, and you’ll avoid the post-announcement depreciation.

2. During Major Sale Events
Events like Black Friday or Cyber Monday can increase demand for used iPhones. Listing your phone during these times can help you get a better price.
 
3. At the 1-2 Year Mark
iPhones lose most of their value after two years. Selling at the one-year or two-year mark can help you maximize your return before significant depreciation kicks in.

Tips to Maximize Your iPhone’s Resale Value
 
Here are some strategies to help you get the best possible price when selling your iPhone:
 
1. Keep It in Good Condition
Use a case and screen protector to prevent scratches and dents. Buyers are willing to pay more for phones in mint condition.
 
2. Include the Original Accessories
Selling your iPhone with its original box, charger, and accessories can increase its value.

3. Avoid Stickers on the Phone Itself
Refrain from placing stickers directly on your iPhone, as residue and marks can decrease its appeal to potential buyers.
 
4. Battery Health
Ensure your iPhone’s battery health is in good condition. A high battery health percentage indicates better performance and longevity, making your device more attractive to buyers.
 
5. Avoid Using Third-Party Parts for Repair
Ensure any repairs are done using genuine parts. Using third-party parts can decrease the resale value and may lead to potential functionality issues that deter buyers.
 
6. Compare Offers from Licensed Secondhand Dealers
Visit SellUp to compare offers from licensed secondhand dealers to ensure you’re getting the best price for your iPhone.

Conclusion

iPhones are great at retaining their value, but depreciation is inevitable. Knowing when to sell is crucial to avoid losing too much money. With the newer models depreciating faster, particularly the iPhone 16 series, it’s best to sell your device before a new model is announced or within the first one to two years.
 
By understanding iPhone depreciation trends and taking steps to protect your device, you can maximize your resale value and make your upgrade more affordable. So, if you're thinking about upgrading, consider selling before the next iPhone release!