Should You Wait For The iPhone 12?

TL;DR

It’s often better to wait and buy iPhones after release for discounts and improvements.

Transcript

welcome back everyone a question that I see all the time and I've made several videos talking about this in the past but basically the questions like should I wait for the new iPhone should I wait for the iPhone 12 or 13 or 14 or whatever and my logic is almost always the same every time a new device comes out whether it's a Samsung one cluster wha... Read More

Key Insights

• 🚀 New iPhone launches may attract immediate purchases, but waiting can yield better prices and improved product evaluations.
• 🥶 Buying older model iPhones is often a more cost-effective choice, particularly for users with older devices that still function well.
• 👀 The used market can provide valuable alternatives for those looking to upgrade their phones without breaking the bank.
• 👶 Users are advised to consider their device condition and needs before deciding to upgrade to a newer iPhone model.
• 💦 The release cycle of iPhones typically results in price drops for previous models shortly after newer versions are announced.
• 🥶 Avoid purchasing older iPhones at full price when upgrades are imminent, as this can lead to wasted financial investment.
• 🥶 Keeping an older phone longer can also prolong its life and provide more time to assess the new offerings in the market.

Questions & Answers

Q: Why should I wait before buying a new iPhone?

Waiting before buying a new iPhone is generally advantageous because new devices may have initial bugs or issues that get resolved over time. Furthermore, waiting allows buyers to take advantage of price drops or discounts in the used market as newer models are released.

Q: What are the benefits of purchasing a used iPhone model?

Purchasing a used iPhone can save significant money while still providing a powerful device. For instance, models like the iPhone 11 are now priced lower but still offer excellent performance. This approach allows users to upgrade without committing to the higher costs of brand-new devices.

Q: Should current iPhone 10 users upgrade to the iPhone 12?

Current iPhone 10 users have the option to upgrade to the iPhone 12, especially if they need enhanced features. However, if their device is still functional and meets their needs, they might consider waiting until newer models are released for a better trade-in or purchase value.

Q: How much can I expect prices to drop for the iPhone 12 in the used market?

Prices for the iPhone 12 in the used market are expected to drop significantly—potentially by $50 to $100—once newer models come out, making it a wise financial decision to wait to purchase after initial releases.

Summary & Key Takeaways

• New iPhones, like the iPhone 12, often come with exciting features but waiting a bit before purchasing can offer better prices and improved evaluations.

• If currently using an older iPhone model, consider postponing your purchase until prices for newer models drop in the used market.

• Buying a brand-new iPhone from the Apple Store now may not be wise, as older models are available at significantly reduced prices.