Should You Sell Your iPhone 4 Now?

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Even if they’ve only had their iPhone 4 for about a year (or just a matter of months for Verizon subscribers), the arrival of Apple’s next iPhone will mean, for many users, that it’s time to ditch last year’s model. Unless you like keeping an expensive backup, that path is going to lead to the used gadget market, whether that means selling your iPhone 4 to a retailer specializing in used hardware, putting her up on eBay, or posting to your local Craigslist. No matter how you go about it, you can count on getting less for your phone the longer you wait. Should you just go ahead and sell now, before the new iPhone is even announced?

Historic pricing trends for older iPhones in years past reveal that waiting for the phone’s announcement to sell means you can expect to get 10-15% less for the iPhone 4 than you would have just a few weeks earlier. If you hold out until the iPhone 5 is in stores, your phone’s value could end up losing a quarter of its worth.

Clearly, there’s money to be saved by acting quickly, but does a higher sale price balance out the weeks you’ll have to wait with no iPhone to call your own? We’re guessing “no” for many of you, or else we wouldn’t see figures like these in the first place; the reason prices dip when they do is precisely because that’s when everyone is trying to off-load their old hardware all at once, with lots of you waiting to sell until you have the new hotness in-hand.

Source: BGR, NextWorth

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About The Author
Stephen Schenck
Stephen has been writing about electronics since 2008, which only serves to frustrate him that he waited so long to combine his love of gadgets and his degree in writing. In his spare time, he collects console and arcade game hardware, is a motorcycle enthusiast, and enjoys trapping blue crabs. Stephen's first mobile device was a 624 MHz Dell Axim X30, which he's convinced is still a viable platform. Stephen longs for a market where phones are sold independently of service, and bandwidth is cheap and plentiful; he's not holding his breath. In the meantime, he devours smartphone news and tries to sort out the juicy bitsRead more about Stephen Schenck!