Following the subdued reception to the iPhone 8 and 8 Plus from media and tech experts across the U.S., tech recycling site Decluttr.com has reported an unusually high number of trade-ins of the device, with more trade-ins of the 8 and 8 Plus received than any other previous new iPhone launched.
And with the iPhone X shipping soon, the site is expecting even more devices across a range of models to be traded-in, especially with values being at their highest to date.
The site’s latest depreciation stats show that now is the best time for consumers to trade in their old devices. Consumers looking to trade-in their old device ahead of upgrading can get up to 30 percent more if they trade-in prior to the October 27 pre-order date of the iPhone X. Current trade-in values for a device that’s in good condition are as below:
Model Trade-in Value
• iPhone 8 Plus Up to $630
• iPhone 8 Up to $500
• iPhone 7 Plus Up to $400
• iPhone 7 Up to $347
• iPhone 6s Plus Up to $271
• iPhone 6s Up to $260
• iPhone 6 Plus Up to $206
• iPhone 6 Up to $165
• iPhone 5s Up to $83.10
“Following the recent Apple launch, all the buzz and excitement has been around the iPhone X,” said Decluttr.com CMO Liam Howley, in a statement. “Many customers have obviously decided that they would prefer to sell the iPhone 8 while its value is at its highest, up to $630 for the 8 Plus, and put the money towards the new iPhone X which will cost $999 but comes with a host of new features, such as an edge-to-edge display, facial recognition, emoji’s and OLED technology,” said Howley. “Once a new phone enters the top of the market, all older phones will drop in price.”
“We always see an increase in trade-ins ahead of any new iPhone launch,” Howley added. “With the ability to lock-in prices at Decluttr for 14 days, our tech price promise, super-fast next day payments and free shipping, alongside the excitement of the iPhone X launch, we expect to have our busiest period of the year so far.”
Source: Decluttr.com
MacDailyNews Take: It’s a good idea to get ready, but don’t bank on getting a Day One (November 3rd) iPhone X.
Wait – people are trading in brand new iPhone 8 models already?? Seriously??
Consumerism at its finest…
Without numbers the statement is worthless.
There has never been an iPhone situation like this before: New models launching about two months apart. So how can Decluttr state “has reported an unusually high number of trade-ins of the device, with more trade-ins of the 8 and 8 Plus received than any other previous new iPhone launched”?
IMO, Decluttr is just getting its name out there just in case there really are iPhone 8 trade-ins.
Agreed, WriterGuy. This sounds ridiculous. You have 30 days to return them to Apple for a full refund. Why lose hundreds of dollars?
A lot of the recent articles sound really fishy…sort of like an AAPL pump-and-dump circle jerk by analysts, bloggers, and worse.
I agree, though there are probably people doing this, I doubt its significant enough to indicate any kind of trend. Don’t discount human idiocy, sad to say but I think Apple makes most of its profits off of people who have no business buying their products. How many people own the latest iPhone and pay $100+/month for data, while they have trouble buying gas for their car or buying healthy food for their kids? Millions.
“Wait – people are trading in brand new iPhone 8 models already?? Seriously??”
That was exactly my reaction. Why did they even bother if what they really wanted was a “Longines” or iPhone X?
Love my 8 Plus – happy to trade up in less than a year for the next iteration of the X
I know Americans still have plenty of disposable income but using a smartphone for just a few months before trading it in seems a bit excessive.
Some Americans have plenty of disposable incomes. But only the dumbest and/or wealthiest would trade in an iPhone after two or three months.
And not realistic.
Decluttr is just using the concept of iPhone 8 trade-ins to whip up more interest from holders of older iPhones to upgrade to the iPhone X , and of course, use Decluttr to offload their old iPhone.
“It’s a good idea to get ready, but don’t bank on getting a Day One (November 3rd) iPhone X.”
I think a lot (as in LOTS) more people are going to get an iPhone X on November 3rd than the rumor mills have been saying.
Like my 8! FAR better batterylife than my 6s which is the one model I’ve found the worst of them all.
There is something highly wrong about this article. I want actual, real numbers and stats as verification. This timing for iPhone 8 trade-ins is entirely ridiculous. It has the scent of another chunk of fetid FUD, aka market manipulation by the usual suspects.
Either than or we have a new crop of lead poisoning victims on the loose in the smartphone market. X-(