With Apple bringing out new models of iPhones multiple times per year, you’ll likely have an old iPhone hanging around your home. Whether it’s tucked away in a drawer or at the back of a cupboard, you’re old iPhone could be worth some money. If you’re wondering how much is my old iPhone worth, you’ve come to the right place. In this blog, we’ll talk through all the factors that influence an iPhone’s worth, helping you determine your device’s worth for the resell market.
The iPhone Market
The first iPhone was released back in 2017, and since then Apple has released over 40 different models across the years and they still prove to be as popular as ever. Within the third quarter of this year alone, Apple shipped approximately 53.6 iPhones globally. With many people buying into the newest product releases, the resell market for iPhones is big business and a popular way for consumers to afford a top, as well as sell their old iPhones.
Influencing Factors of an iPhone’s Worth
There are a few factors that will influence the worth of an old iPhone.
Model & Specifications
The model of your iPhone is a significant factor in determining its worth. Newer models are naturally worth more than older versions and therefore if you are reselling a more recent iPhone model, you can expect to command a higher price. However, specific features and specifications also play a role in the resell price and its overall value such as storage capacity, camera quality, and the presence of unique features. Research the specifications of your iPhone model to understand its strengths and weaknesses in the current market.
Condition
The condition of your iPhone is one of the biggest factors that can influence its worth and resale value. This is because buyers are willing to pay a premium for devices in excellent condition, and don’t need to spend money and time getting elements fixed or replaced, such as a cracked screen. You can assess your iPhone’s screen, body, buttons, and ports for any signs of wear, scratches, or damage. If your device is in pristine condition, you can expect a higher resale value.
Unlock Status
Whether your iPhone is carrier-locked or factory unlocked, will influence its overall worth. Both carrier-locked and factory-unlocked refer to the status of a mobile device in terms of its compatibility with different mobile carriers or networks. Carrier-locked means the iPhone is tied to a specific mobile carrier or network, whereas factory-unlocked means it is not restricted to working with solely one network. When it comes to the worth of an old iPhone, carrier-locked devices are generally worth less than their unlocked counterparts, as an unlocked iPhone provides more flexibility to potential buyers, making it a more attractive option and an in-demand device.
Market Demand
Market demand will always influence the worth of specific iPhone models. Prices can fluctuate based on supply and demand dynamics, as well as any new releases from Apple. When demand for your iPhone model is higher, you’re likely to receive a better return when wrestling it.
Accessories & Original Packaging
The inclusion of original accessories, such as chargers and earphones, can positively impact your iPhone’s value, depending on where and how you resell it. Additionally, having the original packaging and documentation can add a layer of authenticity, which may increase buyer confidence and willingness to pay a higher price.
At Zapper, we don’t require original packaging, accessories or chargers to sell you old iPhones with us. Find out more here.
Software Updates
The software running on your iPhone can also impact its value. Older devices that no longer receive software updates may be perceived as less valuable due to potential compatibility issues with newer apps and features. Therefore it’s recommended to ensure your iPhone is running the latest available software to maximise its appeal and overall worth.
Worth of an iPhone in the Resell Market
If you are wondering how much your old iPhone is worth because you’re thinking about reselling it, taking into account the above factors will help you determine a vague value. There are various ways in which you can sell your old iPhone, such as through online marketplaces, trade-in programs, or directly to a buyer. Before parting ways, do your research and make sure you are informed about your device’s worth, ensuring you get the best possible return on your investment.
At Zapper, we make determining the worth of your old iPhone easy. Our quick valuation tool will ask you a few questions about your device’s model and condition, and provide you with a quick and fair price in a matter of seconds.
Getting Started Selling an Old iPhone
Zapper is the best place to sell your unwanted things, devices and old iPhones. Whatever the model or condition of your iPhone, we’ll pay you to take it off your hands! We’ll then either resell, recycle or responsibly dispose of your device, giving your old iPhone a new lease of life, all whilst reducing items going to landfill.
Find out more about how we work, or get started finding out how much your old iPhone is worth by clicking here.
