“That old iPhone sitting in the bottom of your sock drawer could be worth $300 — but only if you act now,” Katie Lobosco reports for CNNMoney.
“Old iPhones hold their worth better than any other smartphone on the market,” Lobosco reports. “But iPhones’ resale value takes a nosedive right before Apple announces a new version of its smartphone — and Apple is expected to do just that on Sept. 10.”
Lobosco reports, “Gazelle, an online trade-in service that will pay you cash for sending in an old gadget, received one iPhone every five seconds last week. — a 70% increase over the previous week. Gazelle currently pays $300 for a 16 gigabyte AT&T iPhone 5 in good condition. You can even lock in that quote now and send in your phone up to 30 days later. But that price will continue to drop until weeks after the announcement is made.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Lynn Weiler” for the heads up.]