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.
Source: Computer World.