With Apple widely expected to launch its new iPhone on Sept. 10, a savvy consumer could lock in a sale price before Sept. 10, but then wait to ship their old phone until right after they get their new model.
uSell.com is transforming the way people change up their technology. Like Kayak in the travel industry or Bankrate in the finance industry, uSell.com connects you with hundreds of professional buyers, so you can get the best offers on your used gadgets. uSell.com lets you sell your old things, so you can use the cash to buy new things, while doing good for the environment.
uSell.com, the leading online marketplace for used gadgets. They recently, conducted some interesting research on how proactive used iPhone sellers can earn an extra $72 by taking action before Sept. 10.
To measure the effect of a new iPhone model on the used iPhone market, uSell.com examined hundreds of used iPhone sales on its platform following the 2012 iPhone 5 launch. Notable findings include:
* 1 week after a new iPhone launch, old iPhones lose about 5% in value.
* 2 weeks after launch, old iPhones depreciate about 12%.
* By weeks 3 and 4, old phones are worth about 20% less.
But by locking in a sale price BEFORE an upcoming iPhone launch (many platforms like uSell.com offer 30-day price guarantees), consumers can substantially increase the value of their old phones:
* iPhone 5: Potentially worth $72 more (compared to 3 weeks after launch)
* iPhone 4S: Worth $46 more
* iPhone 4: Worth $29 more