Should You Upgrade Now Or Wait For iPHONE 11?

TL;DR

It's better to wait for the new iPhone release.

Transcript

what's going on everyone welcome back to the channel I kind of saw a lot of questions going around and people were like you know what should I wait for the new iPhone should I go buy a newest iPhone shot by the tennis tennis max whatever the case is I'm gonna try my best to answer that obviously I don't know everything but sometimes I do know every... Read More

Key Insights

• 🥹 It's advisable to hold off on buying current iPhone models until after the iPhone 11’s release for better prices.
• 🥶 Older models will depreciate in value rapidly after new iPhones enter the market, impacting resale opportunities.
• 🥶 The price drop for the iPhone 10 and older models may reach between $150 to $200 after a new launch.
• 🥶 Timing your upgrade can help maintain financial advantages, making selling older devices beneficial.
• 🥶 Current resale prices indicate a high value for older models before new releases, justifying sales in advance.
• ❓ Predictions about future prices provide a landscape for consumers deciding when to buy or sell.
• 🤑 Generally, spending money on outdated technology may result in significant financial loss; waiting is strategic.

Questions & Answers

Q: Why should I wait instead of buying an iPhone 10 now?

Waiting to buy an iPhone 10 makes sense because its price is expected to drop significantly once the iPhone 11 is launched. The value you obtain for your money decreases with new model releases. Purchasing now means you may pay a high price for an aging device, which may not be the smartest financial decision.

Q: When is the best time to sell my current iPhone?

If you're planning to upgrade, now is the best time to sell your current iPhone. As the iPhone 11's release gets closer, the resale value of older models like the iPhone 7 and 8 will decline. Selling now allows you to retain more value while transitioning to a newer model later.

Q: What prices can we expect for the iPhone 10 after the iPhone 11 release?

Following the launch of the iPhone 11, it is predicted that the price of the iPhone 10 will fall below $500, potentially reaching around $450-$400. This provides a valuable opportunity for those looking to purchase phones in the used market, making it a practical option.

Q: Should I buy a lower model like iPhone 8 or 7 right now?

Purchasing lower models like the iPhone 8 or 7 now can be a good choice, especially if you anticipate needing an upgrade before significant price drops happen. These models tend to retain their value longer, and selling them before new models arrive can minimize financial loss while upgrading.

Summary & Key Takeaways

• The speaker advises against purchasing the iPhone 10, XS, or XS Max now, suggesting that it is more advantageous to wait for the upcoming iPhone 11 release in September or October to get better value.

• Selling older iPhones ahead of the new release is recommended, as their prices will decline significantly once the new models are launched, making it a good time to trade up.

• Predictions suggest that used prices for current models will drop around $150 to $200 after the new iPhone's release, so buying then will likely be financially prudent.