Want to trade in your iPhone for a newer model? We have bad news
Is the value of your iPhone dropping? Yep. But you’re not alone, and people are not happy.
Apple quietly adjusted its estimated trade-in value for devices as far back as the iPhone 7. Some of these, mostly older devices, have remained rock-solid. Other gadgets have not.
You might want to read this if you’ve got big plans for your old iPhone. It may be worth up to $80 less than before.
How much is an iPhone worth today?
Apple’s official trade-in value list shows iPhone, iPad and iMac users how much they can expect to earn when upgrading via trade-in. Astute fans have noticed one recent change to this list. While new devices have increased in value, many older iPhone models have had their trade-in value slashed.
The difference in price ranges from $5 less than usual to $80 or more.
Some of the most notable offenders? If you’ve got any of the following, selling sooner rather than later may be your best bet:
- iPhone 13 Pro Max is now worth up to $570, not $650.
- iPhone 13 Pro is now worth up to $470, not $550.
- iPhone 12 Pro Max is now worth up to $400, not $480.
- iPhone 12 Pro is now worth up to $330, not $400.
It wasn’t that long ago that an iPhone 12 Pro trade-in could get you up to $700. As you can see, that’s dropped drastically.
Trade-in value drops like these aren’t exactly new for Apple, as chip shortages and other supply chain issues keep the brand looking for new ways to increase revenue.
At any rate, it’s a wake-up call for anybody who loves to keep their tech recent. While many older iPhones haven’t changed their prices, owners of newer iPhones may want to keep themselves informed, especially if they’re hoping to upgrade soon.
How to get the most out of old tech
Why you should think twice before using 'buy now, pay later' services
How’s your holiday shopping going? It can be hard enough to find everything this year thanks to chip shortages and supply chain issues, not to mention the expense.
If that wasn’t enough, there are plenty of scams to watch out for. Tap or click here for some of the biggest holiday-related scams making the rounds right now.
PSA: Buy your holiday turkey soon or you may be paying $100+
Lots of holiday prep talk has been around shopping earlier than usual because of chip shortages, supply chain issues and more. There’s also a shortage of cargo containers and labor slowing everything down.
Prices for tech, toys, furniture and more are set to increase as availability becomes more scarce. You might want to get a jump on things ahead of the inevitable Black Friday shortages. Tap or click here for our list of 6 things you should buy now.