Is August the best time to sell your iPhone this year? The short answer is yes, but we are going to delve into our data to provide you with more detail. Read on to find out exactly why this time of year is opportune for putting your older iPhone model back on the market.
With any luck, the new iPhone will maintain the same or a similar retail price to last year's iPhone XS, but there's no escaping the fact that prices are increasing for smartphones in general. You will want to get as much money for your old phone as possible, so you need to act quickly as these prices are likely to drop soon.
Why Is August the Best Time to Sell Your iPhone?
Prior to the release of a new iPhone, there is a great deal of competition between merchants to acquire older models to sell on to consumers seeking to purchase a second-hand device. If you sell your phone early, you give these merchants time to offload older models via their distribution channels. Generally speaking, this will lead to you getting the most for your device. We keep track of averages and top prices every day to determine how much you can get for your phone.
The Best Deals for Your iPhone in August 2019
Prices so far have been somewhat erratic, with the newest devices (the XR and XS) providing little return on expenditure. However, prices have settled at a much more reasonable amount this August.
The best movers compared to last month are:
- The iPhone 6 Plus 32GB which is up by 14% from July to £80*
- The iPhone 6s Plus 16GB which is up 21% from July to £119*
- The iPhone SE 32GB which is up by 25% from July to £60*
- The iPhone 7 Plus 256GB which is up 12% from July to £253*
- The iPhone XR 128GB which is up 20% from July to £518*
Any Significant Drops?
There have been a few devices that have dropped off in value, with the highest movers being the older and more popular devices:
- The iPhone SE 128GB dropped by 18% to £73*
- The iPhone SE 64GB dropped by 28% to £62*
- The iPhone 6 64GB dropped by 26% to £75*
- The iPhone 7 32GB dropped by 18% to £136*
*Prices correct on 02/09/2019 at 10:44am
This does not follow previous trends when compared to last year. In 2018, prices increased across the board for all devices.
Looking at the newest devices (devices that have come out within the last couple of years) we can see that prices have universally increased since last month, indicating that recyclers are keen to get stock in before the new devices are released (prices correct as of 2nd of August 2019).
|iPhone 8 64GB||0%|
|iPhone 8 256GB||1%|
|iPhone 8 Plus 64GB||1%|
|iPhone 8 Plus 256GB||-2%|
|iPhone X 64GB||-2%|
|iPhone X 256GB||6%|
|iPhone XS 64GB||2%|
|iPhone XS 256GB||7%|
|iPhone XS 512GB||9%|
|iPhone XS Max 64GB||12%|
|iPhone XS Max 256GB||3%|
|iPhone XS Max 512GB||5%|
|iPhone XR 64GB||7%|
|iPhone XR 128GB||20%|
|iPhone XR 256GB||9%|
We can see that only both iPhone 8 and the iPhone 8 Plus 256GB models have dropped a small percentage from last month, compared to the rest of the devices' resale value which has grown, in some cases significantly, from the previous month.
August, once again, is proving to be the best time to sell your phone. If you are determined to get the newest release, you should consider selling your iPhone now.