iPhone Trade-in Prices Have Started To Drop After iPhone 5 Announcement

iPhone Trade-in Prices Have Started To Drop After iPhone 5 Announcement

If you didn’t sell your iPhone 4/4S before the announcement of the iPhone 5, you’d better do it soon before its value drops considerably. Reports have already come in that iPhone trade-in prices have started to drop on most major iPhone trade-in sites.

In the two days since Apple announced the iPhone 5, values on used iPhones have already dropped as much as 8%. Once the iPhone 5 hits shelves next week, values are expected to drop even faster.

Last week a used 16GB iPhone 4S had a trade-in value of $300 on NextWorth, but now they’re only offering $273 for the same device. Amazon’s offer has dropped from $415 to $375, and other sites like Glyde, USell and Gazelle have lowered their offers as well.

Not everyone has slashed prices yet though. Apple’s Reuse and Recycling Program is still offering $285 for the 16GB iPhone 4S, and eBay still offers $300. Check out our guide on the best places to sell your iPhone, to find the best current price for the iPhone 4/4S.

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  • ddevito

    …in other news, today is Friday and the rumor is that tomorrow is Saturday. Stay tuned.

    Seriously, you get paid to write this?

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Buster HeinBuster Hein is Cult of Mac's Social Media Editor. Hailing from Roswell, New Mexico, but now spending his days in Phoenix, Arizona, he wastes most of his time eating burritos and reading Spanish romance novels. Twitter: @bst3r.

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