We’re just days away from Apple’s next launch event with the US technology giant looking set to announce as swathe of new iPhones including a 16 and 16 Pro range. The grand unveiling will take place on September 9 at Apple’s HQ in Cupertino and whilst it’s good news for anyone who fancies treating themselves to something new it might not quite so good for those with a current device in their pockets.
According to the team at Sell Cell, trade-in prices for older iPhones could be about to drop by over 10 percent. That’s a lot of money to lose.
Sell Cell says that its data shows previous iPhone launches have always resulted in older call makers falling in value.
For example, in 2023, in the 14 days leading up to the iPhone 15 launch, the iPhone 14 Pro Max 1TB dropped from a trade-in value of $961 (£760) on August 8th, to $857 (£651) on September 22nd. In the 14 days prior to release, that figure equated to a $104 (£79) loss. In the same timeframe, the iPhone 13 Pro Max 1TB lost the most from the 13-Series handsets. It went from $792.00 )£601) down to $727.00 (£553).
It’s no secret that new products usually make their predecessors become less desirable and if you want the best price for your current smartphone you might be better off trading it in sooner rather than later.
“Deciding when to sell your iPhone can be challenging, so having accurate information is key to making a smart decision. Knowing the best timing can help you maximize your return and secure the best trade-in deal,” Sell Cell explained.
“If you wait too long, you could see your phone’s value drop by as much as 8.3% of its value; an iPhone can lose up to $133 in value from 28 days prior to release, up to the point of the new handset’s release and up to $104 from 14 days prior to the release. This was the case for the iPhone 14 Pro Max 1TB back in 2023.”
Here’s what your iPhone could be worth right now
iPhone 15 – £415
iPhone 15 Pro – £538
iPhone 15 Pro Max – £648
iPhone 14 – £371
iPhone 14 Pro – £500
iPhone 14 Pro Max – £560
iPhone 13 – £285
iPhone 13 Pro Max – £395
So what will be new on the iPhone 16?
There’s no official word from Apple about what will be new on its iPhone 16 range but we’re expecting plenty of big improvements. These devices are sure to be faster, more efficient and get cameras that will take better images – especially at night.
Rumours suggest that all models will get a new “Capture” button on the case which will make it faster to snap photos.
Other bonus extras coming to the iPhone 16 could include quicker charging, new colours and a thinner design just like the latest iPad Pros.
Express.co.uk will be bringing you all the news live from Apple’s Glowtime! event so watch this space for full details. Things kick off from 10PT that’s 6pm BST.
Just remember, if you want the best trade-in deal for your current iPhone you might be best selling it sooner rather than later.
