Do This Before The iPhone 12 Comes Out

TL;DR

Sell older iPhones before new models release to maximize value.

Transcript

welcome back everyone this is a video that i've been trying to do before every single iphone release but i always forget to do it then i always talk about the impact that it has after the iphones are released and i will tell you to do this specific thing before the new iphones come out okay so that specific thing is if you have any phones that you ... Read More

Key Insights

• 🥶 Newly released iPhones significantly impact the resale market, causing older models to depreciate rapidly.
• 🥶 Selling older iPhones ahead of time can result in substantial financial benefits, especially for users who own models like the iPhone 8 through 11 Pro.
• 👶 The timing of resale is crucial; users should aim to sell at least a few weeks before a new model is revealed.
• 😘 Apple’s trade-in program, while convenient, often presents lower values than what can be achieved through private resale, making the latter a smarter financial choice.
• 😚 Users can revert to older iPhones temporarily while awaiting new models, ensuring they still have a functional device without losing significant resale value.
• 👶 Market dynamics around new iPhone launches suggest that individuals should monitor trends to maximize the timing of their sales.
• 👋 Condition of the device plays an important role in resale value; maintaining a good condition can command higher prices in the used market.

Questions & Answers

Q: Why is it important to sell iPhones before new releases?

Selling iPhones before new releases is essential to prevent significant depreciation that occurs once new models are announced. Older models, especially those from the last couple of generations, tend to lose value more rapidly. By selling early, users can maximize their resale value and recover more money from their investment.

Q: Which iPhone models should I focus on selling?

Users should focus on selling any iPhone models they have, particularly those within the last few generations, like the iPhone 8 through iPhone 11 Pro. These models see the highest depreciation, so selling them before a new release can yield significantly better returns compared to holding onto them.

Q: How does depreciation work with older iPhone models?

Depreciation occurs due to market saturation and demand shifts when new models are released. Older models decrease in value largely due to the introduction of newer, more advanced devices. As consumers opt for the latest technology, the worth of older iPhones can plummet within weeks or months post-release.

Q: Can I still make money if I miss the pre-release selling window?

If you miss the pre-release selling window, options remain. While older models will still depreciate, you might still recover some funds. Consider using trade-in programs or reselling online, but expect lower offers than if sold ahead of a new release. Prices typically stabilize after the initial launch rush.

Summary & Key Takeaways

• The video emphasizes the importance of selling older iPhones before new models launch to avoid depreciation. Many users may overlook this, but it's crucial for maximizing return on investment.

• The speaker shares personal experiences, noting that older devices depreciate significantly just before and after new iPhone releases, particularly those from the last two or three generations.

• It’s also suggested to revert to older models temporarily while waiting for new releases, as trade-in values from Apple may not be favorable compared to private resale.