| ▲ iPhone experience zone in the 1st Apple Store in Korea (Photo = Reporter Lee Soo-young) |
[아시아타임즈=이수영 기자] Is one of the advantages of the iPhone that the price of used phones do not drop easily have disappeared? In fact, the iPhone’s’pre-owned price defense’ policy has disappeared.
In the meantime, even if the latest model is released, the used price of the old model has been high. Therefore, when iPhone users purchased the latest smartphone, they resell their iPhones and add to the purchase price. However, it seems that the price of the used iPhone will not be the same as before.
According to the communications industry on the 20th, the used prices of old Apple iPhones have plummeted since the launch of the latest iPhone 11 series on the 25th of last month.
According to Setizon, a used mobile phone trading site, the previous model, iPhone XS (64GB), formed an average price of 822,000 won as of October 15, but the price drops as the iPhone 11 release date approaches.
When the latest model first appears, it is natural that the price of the existing model will decrease. IPhone maker Apple introduces new iPhones every year. In the used iPhone market, prices of older models also fluctuate in line with the release date of the new iPhone.
However, in the case of iPhone XS, the price decline is exceptionally large.
The iPhone XS, which was released on November 2 of last year, has formed a middle and high price of 673,000 won as of November 2 of this year, one year after its release. This is a whopping 50.65% drop from the factory price (1364,000 won).
On the other hand, the iPhone X (64GB), released on November 24, 2017, showed an average used price of 774,000 won on November 22, last year, a year after its release. This is a decrease of 32.98% compared to the factory price (1155,000 won).
After all, starting with the iPhone XS, the decline in the mid-to-mid price due to the release of the latest iPhone has intensified.
Whenever Apple introduced the latest iPhone, it has slightly increased its performance. Due to the small difference in performance between the old and new models, the demand for the old and used models was also high.
However, Apple has significantly improved the performance, such as installing a triple camera on this iPhone 11 for the first time. As a result, fewer consumers are looking for old iPhones, and it can be interpreted that used prices have naturally fallen.
An industry insider explained, “Since the performance of the iPhone 11 has improved considerably, the demand for older iPhones has decreased.” “There are many sellers of old iPhones, but there are few people looking for them, so the price is not being defended unlike before.”
Experts predict that the latest iPhone 11 will also undergo the procedure of declining used prices. This is because Apple is expected to release a 5G iPhone next year.
As the 5G era begins, buying an iPhone that supports next-generation 5G networks can be advantageous in the long term. Unlike the LTE iPhone, the 5G iPhone is expected to have a used price defense.
The official said, “I don’t think that the latest iPhone 11 will be able to defend the price when a 5G iPhone comes out next year,” and said, “It is expected that more consumers will choose 5G iPhones, which will be used more than LTE, which is cheap.”
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