By Stephen Schenck | September 16, 2011 12:36 PM
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.