YOUR iPhone could plummet up to £164 in trade-in value once Apple announces its next flagship model at its annual September event.
We’re expecting the iPhone 13 in mid-September, but experts warn this could drive down the value of your current mobile by almost 25 per cent.
The most recent iPhone models are expected to plummet in trade-in value in the coming weeks after Apple launches the iPhone 13Credit: Envirofone
That figure comes from mobile trade-in site Envirofone, which has analysed used iPhone sales around iPhone launches stretching back to 2014.
They used the data to predict how much the latest models (iPhone 12 and 11) will decrease in value ahead of Apple’s latest launch next month.
The research reveals the value of 2020’s iPhone 12 range is predicted to decrease by an eye watering 23 per cent.
Values of the iPhone 11 range are also expected to take a dive with an estimated decrease of 17 per cent.
The analysis of value trends reveals the iPhone 12 Pro Max as the model most likely to take the biggest hit.
Owners of the pricey model could lose out on a huge £164 in trade-in value once the iPhone 13 rolls in.
The iPhone 12 mini is expected to lose the least value in the range, yet could decline in value by up to £100.
When it comes to the iPhone 11 range, which hit shelves in 2019, steep drops in value are also anticipated.
The data indicates the Apple iPhone 11 Pro Max will see the biggest decrease of up to £85 and the iPhone 11 will see lowest drop of up to £65.
Other, older iPhone models will also likely see a decline in trade-in value of between £20 and £50.
Of course, while it’s guaranteed that your iPhone will lose value after Apple’s September announcement, no one really knows how big the drop will be.
Apple mobiles tend to hold their value very well, particularly compared with rival Android phones.
But a new iPhone will spark a wave of interest in trade-ins, flooding the market – and driving your phone’s worth down.
Denise Timmis, brand manager at Envirofone said: ”Many consumers make the mistake of trading in their older iPhone once they have their hands on the latest device.
“Our research reveals the month before is when iPhones hold their highest value after a new model has been released.”
Apple typically hosts an iPhone launch event in September each year which it uses to unveil a range of new mobiles as well as other gadgets.
The iPhone 13 isn’t expected to be a huge upgrade on last year’s iPhone 12 – but Apple is always full of surprises.
This year’s showcase is expected to fall on September 14 with the handsets shipping worldwide ten days later.
Of course, Apple hasn’t officially announced a 2021 September event yet, so take all rumours with a pinch of salt for now.
The trade-in value of the iPhone 12 is expected to decline by up to £165Credit: Envirofone
The value of the iPhone 11 could drop by up to £85Credit: Envirofone
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