iPhone Resale Prices Set to Plummet Drastically, Losing Consumers up to 30 Percent of Their Devices Value by October 10th According to Data From CompareMyMobile.com

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The iPhone 5 has had up to 1,033.76 percent increases in online valuations.

(PRWEB UK) 16 September 2013

-During the iPhone 5 release in September 2012, in less than 30 days consumers lost between 21-30 percent in their devices resale value following the iPhone 5 announcement.

-The biggest price drop was the iPhone 5 predecessor, the iPhone 4S 64GB which lost 99 GBP in less than 30 days following the iPhone 5 announcement.

-The iPhone 5 has had between 60.99 – 1,033.76 percent increases in online valuations between the 9th - 15th September 2013.

-Lowest ever increase in trade-in valuations from non-Apple fans following the iPhone 5S / 5C, with a 54.89 percent overall increase in valuations, compared with the iPhone 5’s 255.29 percent increase in 2012.

Leading recycling comparison site, CompareMyMobile.com, has data suggesting consumers wanting to sell their old iPhones just one month after the iPhone 5 announcement would have lost between 21-30 percent of the iPhones full value. The site recommends consumers to use either its iOS, Android App or website to track prices or to monitor prices on eBay over the coming weeks.

Below is an example of how last year's iPhone 5 release savaged the resale value of the iPhone 4S in less than 30 days.

Sept 12th – (Announcement day) Consumers could get up to 325 GBP for their iPhone 4S.
Sept 14th – (Pre-Order day) Consumers stand to lose up to 20 GBP just two days after the announcement.
Sept 21st – (Launch day) Consumers stand to lose up to 45 GBP just eleven days after the announcement.
Oct 12th – Just one month after the announcement of the iPhone 5, consumers lost up to 99 GBP off their iPhone 4S trade in value.

Consumers can avoid the sharp fall in value by trading in sooner than later – The average recycle store will hold the quote they give once and order has been placed for 7-14 days. Alternatively, websites like eBay or Gumtree are great avenues for consumers to resell their old devices provided they beat the rush on the iPhone 5S / 5C launch day.

Regardless of the spike in loyal Apple fans wanting to price up their old mobiles, mobile phone recycling comparison site CompareMyMobile.com has data indicating a huge drop in general interest in consumers valuing their old mobile phones from all brands across the site. This is following the iPhone 5S and 5C announcement and pre-order dates as seen by the data below:

*Data from all phone manufacturers valuations

2010 - iPhone 4
June 7th - Announcement increase in valuations: 141.29 percent
June 24th - Launch increase in valuations: 159.57 percent

2011 - iPhone 4S
Oct 4th - Announcement increase in valuations: 159.01 percent
*Oct 7th - Pre-order increase in valuations: 138.06 percent
Oct 14th - Launch increase in valuations: 173.20 percent
*Decrease due to people expecting the device top be the iPhone 5 not a iPhone 4S

2012 - iPhone 5
Sept 12th - Announcement increase in valuations: 255.29 percent
Sept 14th - Pre-order increase in valuations: 237.74 percent
Sept 21st - Launch increase in valuations: 367.57 percent

2013 - iPhone 5S/5C
Sept 10th - Announcement increase in valuations: 54.89 percent
Sept 13th - Pre-Order increase in valuations: 38.45 percent

CompareMyMobile.com advises consumers to check prices before selling their old iPhone upon the launch date of the new device. Across all the iPhone models listed on CompareMyMobile.com, there is a 992 GBP difference in the top and bottom price offered by their 40+ recycle stores.

Top 5 Apple devices being traded in - Data from 16/09/13
1. Apple iPhone 5 16GB is 13.6 percent of all on site trade ins (185 - 269 GBP *84 GBP extra by comparing)
2. Apple iPhone 5 32GB is 11.7 percent of all on site trade ins (185 - 274 GBP *89 GBP extra by comparing)
3. Apple iPhone 4S 16GB is 4.2 percent of all on site trade ins (132 - 178 GBP *46 GBP extra by comparing)
4. Apple iPhone 5 64GB is 13.6 percent of all on site trade ins (169 - 285 GBP *116 GBP extra by comparing)
5. Apple iPhone 4 16GB is 7.8 percent of all on site trade ins (74 – 124 GBP *50 GBP extra by comparing)

Consumers looking to trade in an Apple iPhone 5 64GB could lose up to 116 GBP selling to the wrong vendor. The above data shows that a 385 GBP difference in price from the 5 most popular models being traded in.

About CompareMyMobile

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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