How much is your old iPhone worth?

“On eBay today there are thousands of unlocked first-generation iPhones being offered for sale — individually or in lots of 10 or 20 or more — for prices ranging from about $450 to $700 per 16 GB phone,” Philip Elmer-DeWitt writes for Fortune.

“But if you want to sell yours, you’d better move fast, say people familiar with the business of buying and selling used iPhones,” Elmer-DeWitt writes. “‘I think the eBay market is going to dry up pretty quickly,’ says Aaron Vronko, service manager for Rapid Repair, an iPod and iPhone service bureau in Kalamazoo, Mich. ‘The market is very different today than it is going to be a month from now.'”

Elmer-DeWitt writes, “If you don’t want to take your chances on eBay or Craigslist, there are any number of resellers that will take it off your hands. BuyMyTronics.com, for example, will give you an immediate quote based your answers to their online form. For a 16GB iPhone in good condition with the box intact and all the extras (including working earbuds), they’ll pay $190.92.”

MacDailyNews Take: Who wants to put random used earbuds in their ears? Hello? Bueller? Bueller? Bueller?

Elmer-DeWitt writes, “That’s if you sell it today. After July 11, all bets are off.”

More in the full article here.

[Thanks to MacDailyNews Reader “Journo” for the heads up.]

31 Comments

  1. the helll……..

    why? why would you sell it? the overwhelming majority of what the next version will have comes free with the old version! what is the point?!?

    do these people really think 3g is all that impressive?

    screw that, i just want the local AT&T;network to run as fast as the one in Seattle when i was there on the weekend. 15 times the speed we get here in a place that barely earns statehood…..

  2. Pyeman…
    “5 times the speed we get here in a place that barely earns statehood”

    you live in HI? ” width=”19″ height=”19″ alt=”smile” style=”border:0;” />

    I lived in Maui for a while… ahh… “poverty with a view” as one of my friends called it.

    The Dude abides.

  3. Damn… I need a new prescription…. that was shen’s quote… not pyeman. looks like my copy paste failed to grab the “1” on “15 times the speed…”.

    Think I’ll just get back to work now. ” width=”19″ height=”19″ alt=”smile” style=”border:0;” />

    The Dude abides.

  4. I’m thinking their value will go up, since it will become harder to buy unlocked ones. I would just hold it for a couple months and watch the prices. After all, it’s worth a cheaper monthly bill to someone who doesn’t need the new features.

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