Apple revealed that it will unveil the long-awaited iPhone 16 on September 9, prompting a wave of buying and selling used Apple phones.
A phone call is expected iPhone 16 New to stores on September 20, it will take 22 days for consumers to trade in their old iPhone for a new one, and fewer days to get their money’s worth.
Steven Knight of SellCell urged consumers that they would lose hundreds of dollars if they delayed selling their iPhones just a few days.
“The value of iPhones tends to drop significantly in the days after Apple announces a new model,” Knight warned in a recent blog post.
He continued, “Sell your old iPhone before September 6, or risk losing the hundreds of dollars you’d spend to buy the new iPhone 16.”
He said September 6, or 14 days before the iPhone 16 launch, is the best time to replace your old iPhone.
The wait could cost you up to $104 before September 20 if you have a relatively recent 1TB iPhone 14 Pro Max model, which happened last year.
The manufacturer’s suggested retail price (MSRP) of the iPhone 14 512GB and iPhone 13 512GB at the time was $1,599 and $1,099, respectively.
The iPhone 14 512GB is down to $990, and the iPhone 13 512GB is down to just $517, according to SellCell research.
By September 1, the price of the iPhone 14 512GB had dropped again to $960, and the price of the iPhone 13 512GB had dropped to $501.
It seems that there is a market wave that will last from September 1 to September 8 that could keep values high before the launch event, according to a report by British “The Sun”.
By September 12, Apple’s launch date last year, the price of the iPhone 14 512GB had reached $780, and the price of the iPhone 13 512GB had dropped to $492.
“In order not to be without a phone before the release of the iPhone 16, consider locking in a trade-in price that is valid for 30 days,” suggested the technical expert.
With a week to go before the iPhone 16 launch, a 30-day trade-in price lock guarantees you a few extra days after launch to get your new phone and return your old one, while and ensure you get the highest trade-in value. .
