iPhone X Trade-In Value At 68% Of Original Cost After A Year
Apple’s 2018 iPhones are around the corner which means that there will be plenty of people getting ready to upgrade to whatever Apple announced on September 12th It’s also probable that there will be plenty of people who own an iPhone X who are looking at jumping to the latest and greatest Apple has to offer, which means trading in an iPhone that is less than a year old.
Thankfully, according to trade-in site MusicMagpie, the iPhone X and indeed any other iPhone hold their value better than the competition.
According to statistics shared by MusicMagpie, the iPhone X has only seen a fall in value when compared to its new-price of 32% which for almost a year’s service is very impressive indeed. The iPhone 8 Plus is next with a 43% reduction while the iPhone 7 follows with 44% for its first year on sale.
The final iPhone on the list is the iPhone 8 at 45% followed by a plethora of Android devices including a number of so-called flagships. The Galaxy S9+ is a particularly bad example here, having lost 48% of its value within just five months of launch.
Of course, it’s important t remember that these prices are trade-in prices, meaning if you sold your devices privately you would likely get more money for them. That’s particularly important for devices that sites like MusicMagpie are not paying much for, presumably because demand for them is low which makes it more difficult to turn a profit.
In case you were wondering how bad things can get, spare a thought for the HTC Desire 820, a smartphone which saw a massive 95% of its value slashed in just one year.