Don't Buy This Brand New iPhone

TL;DR

Buying a used iPhone 11 offers better value than purchasing it new.

Transcript

welcome back everyone now i will tell you if you have all the money in the world picking up a brand new iphone is always one of the better things i'd always recommend you to do it saves a bunch of headache of negotiation and you can pretty much guarantee that it's in perfect condition which is amazing but there is an iphone out there that i would h... Read More

Key Insights

• 🥶 Buying used devices can lead to substantial savings, especially with older models like the iPhone 11.
• 🥶 The iPhone 11 maintains strong performance features despite being older, making it a viable option for many users.
• 👶 Consumers can find significant price discrepancies between new and used phones, especially as newer models emerge.
• ✋ Apple's pricing strategy appears to influence the resale market positively, helping to maintain higher values on used devices.
• 🧡 iPhones in the mid-range price bracket offer a balance of affordability and performance that appeals to budget-conscious consumers.
• 👶 When considering value, evaluating the used market for tech can often yield better results than buying new.
• 🙏 The longevity and performance of older iPhone models reinforce their appeal in the second-hand market.

Questions & Answers

Q: Why is it suggested to buy the iPhone 11 used instead of new?

The main reason for purchasing the iPhone 11 used is to get better value for money. The phone, which is now two generations old, can be found in the used market for significantly lower prices compared to its new retail price of $499. Therefore, consumers can save a considerable amount of money, often finding it for as low as $300.

Q: How does the performance of the iPhone 11 compare to newer models?

The performance of the iPhone 11 remains robust and comparable to its contemporaries, specifically the iPhone 11 Pro. Despite the newer models being available, the iPhone 11 offers many of the same features, including good battery life and an IPS panel, making it a lasting and capable device for everyday use.

Q: What was the original market position of the iPhone 11 when it was launched?

When the iPhone 11 was launched in 2019, it occupied the budget-friendly segment of Apple’s phone lineup. Although it was priced lower than flagship models, it still provided excellent performance, making it an attractive option for those who wanted a reliable iPhone without the premium price tag.

Q: How has Apple influenced the resale value of the iPhone 11?

Apple has maintained the iPhone 11's new price at $499 even as newer models have been released. This strategy helps to stabilize its resale value, as it keeps the perception of the phone being worth this amount. Consequently, while the used prices drop significantly, the impact of Apple’s pricing strategy allows consumers to potentially find even better deals in the second-hand market.

Summary & Key Takeaways

• The speaker recommends buying the iPhone 11 from the used market rather than new due to significant savings and comparable performance.

• The iPhone 11, launched in 2019, is now two generations old, with its value decreasing notably, making it a budget-friendly option.

• By purchasing a used iPhone 11, consumers can save between $100 to $200, while still enjoying a reliable, high-capacity phone.