Independent Study Shows UK Consumers Using Apple’s Official iPhone Trade-in Services Could Lose Money, by CompareMyMobile.com

Following the launch of Apple’s new trade-in programme, leading mobile phone recycling comparison site CompareMyMobile.com compared Apple’s trade-in offers with UK recyclers to see who came out on top.

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CompareMyMobile and Apple trade-in price comparison chart

With potential losses of over 100 GBP for locked iPhones and iPads, it’s always worth checking sites like ours.

Christchurch, Dorset (PRWEB UK) 16 October 2013

Based on annual iPhone trade-in volumes processed by CompareMyMobile.com, UK mobile users could lose a total of around 2 million GBP if they use Apple’s official trade-in service without comparing UK phone recycling prices on the online trade-in market first.

The lower offers for devices reflect the average 80% offered by leading high street networks and retailers, discovered in a previous study in November 2012.

A survey of the top ten traded in iPhone models, by CompareMyMobile.com, found that consumers selling old unlocked models in good condition could earn an average of 27 GBP more by simply comparing up to 40+ trade-in prices on gadget recycling comparison sites.

The site also notes that Apple will offer significantly less money for a network locked phone, where recyclers on comparison sites usually will not alter their price offer based on this factor.

For example, the iPhone 5 16GB is the second top traded-in model on CompareMyMobile.com, and would be bought by Apple for a price of 220 GBP unlocked or 110 GBP network locked. However, prices show that UK recyclers on the site would pay up to 251 GBP for this model whether it was network locked or not.

*The following prices were taking from Apple’s trade-in site and the 40+ stores listed on CompareMyMobile.com at 12:30pm GMT on 15/10/2013, they are based on phones in good working order, prices are subject to change.

Top five traded-in iPhone models:

iPhone 4 16GB:
-Apple price: 100 GBP
-Apple network locked price: 35 GBP
-Top CompareMyMobile.com site price: 132 GBP

iPhone 5 16GB:
-Apple price: 220 GBP
-Apple network locked price: 110 GBP
-Top CompareMyMobile.com site price: 251 GBP

iPhone 4S 16GB
-Apple price: 150 GBP
-Apple network locked price: 52.50 GBP
-Top CompareMyMobile.com site price: 176.50 GBP

iPhone 4S 16GB White
-Apple price: 150 GBP
-Apple network locked price: 52.50 GBP
-Top CompareMyMobile.com site price: 171 GBP

iPhone 3GS 16GB
Apple price: 25 GBP
Apple network locked price: 8.75 GBP
Top CompareMyMobile.com site price: 41 GBP

CompareMyMobile.com always advises customers to compare prices, whether selling through eBay, Gumtree, Apple or CompareMyMobile.com’s website or mobile Android/iOS app. The site compares over 40 UK gadget recycling companies based on price and consumer reviews left from those who have used them before. This means that consumers have the chance to choose which recycler to send their phone to, based on price and who they feel they can trust.

Ashley Turner, co-founder of CompareMyMobile.com, says, “Don’t accept the first price you’re offered in the high street retailers or online, always shop around. With potential losses of over 100 GBP for locked iPhones and iPads, it’s always worth checking sites like ours and auction sites first to ensure you’re getting the best value for your old gadget.”

When consumers choose who to sell their phone to, recyclers also often guarantee that price for up to 14 days, so consumers can choose if this is the right decision for them.

The site recently saw a surge in iPhone trade-ins on release of the iPhone 5S, as consumers earned money to put towards their new device.

About CompareMyMobile.com

Founded in 2009, CompareMyMobile.com is the UK's #1 source for independent mobile phone, tablet, sat nav, laptop, iPad, iPod and games console recycling price comparison. It delivers customers confidence in making the difficult decision of where to recycle their old phone safely and for the most money. CompareMyMobile.com is 100 percent impartial, comparing prices from more than 40 recycling stores.

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iPhone trade-in price comparison table iPhone trade-in price comparison table

A table showing the iPhone trade-in prices offered on Apple trade-in store and CompareMyMobile


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A chart showing the top prices offered for old iPhone models from CompareMyMobile and Apple


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