Your iPhone’s value will be slashed this weekend as Apple gears up for latest launch – tech experts reveal how much money you could be losing
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- Apple expected to release the highly anticipated iPhone 15 in mid-September
- Those eager to get their hands on a new model are urged to trade in their old iPhone now
- The ideal time to sell your old device is probably before August 26
Apple and its consumers are preparing for the launch of the new iPhone 15, which is reportedly set to take place on September 12.
And experts advise anyone eager to get the latest phone trade in their old model nowthe closer they get to launch day, the less they can expect to earn.
Phone trading company Sellcell predicts that trade-in prices will fall 16 percent after the launch of the new device.
Envirofone also participates and indicates a percentage of 16 percent drop in trade-in value for the iPhone 14 Pro in the weeks leading up to the highly anticipated release.
The average iPhone 14 Pro is currently selling for around $820, but that could drop by $130 after launch.
The iPhone 14 was released in stores in September 2022
Apple stores around the world continue to sell all versions of the iPhone 14 as they prepare for the highly anticipated release of the 15
In the past, older iPhones have lost between 60 and 65 percent of their original recommended retail price (RRP) 28 days before a new model launches.
That means the ideal time to sell your old device is before August 26.
Then, Prices are expected to fall further.
And if you postpone until October, the picture is even less beautiful.
But while trading in an older model a month early may seem worrisome, it’s important to note that you won’t end up without your phone.
Companies make an agreed trade-in price for a certain amount of time, delaying the sale without losing the trade-in value.
However, if you manage to break your handset in the meantime, the deal is off.
iPhone trade-in values vary by version and are subject to change
The iPhone 14 and iPhone 14 Plus originally retailed for $799 and $899 respectively
The iPhone 15 is said to bring new features to the table, including USB-C charging and a titanium frame.
The iPhone 14 Pro’s Dynamic Island and A16 chipset will also be part of the upcoming model.
A programmable action button has been added to replace the mute switch – a first for any version of an iPhone.
Buyers can also expect a periscope lens, a system that uses a prism and an array of lenses to increase zoom capabilities without adding bulk to the phone.
That feature will be exclusive to the iPhone 15 Pro Max.
All those new bells and whistles have a significant one, though rise in prices – the iPhone 15 Pro Max retails for $1,299.
Other versions include the 15 Plus, with a larger screen, and the faster 15 Pro.