Is August the best time to sell your iPhone? The short answer is yes, but we are going to delve into our data to provide you with more insight. Read on to find out exactly why this time of year is opportune for putting your older iPhone model back on the market and how much more you can get for your iPhone in August.
With any luck, the new iPhone will be released at a similar retail price to last year's iPhone 13 range starting at £779, but there's no escaping the fact that prices of brand new phones are rising in general. You will want to get as much money for your old iPhone as possible, so you need to act quickly as these prices are guaranteed to drop come September.
We keep track of averages and top prices every day to determine the dynamics of trade-in prices and how much you can get for your phone. On a yearly basis prior to the release of a new iPhone there is a great deal of competition between recyclers to acquire older models to refurbish and resell to consumers seeking to purchase a refurbished iPhone. If you sell your phone ahead of seasonal price drops, you satisfy recyclers' demand and give them time to offload older models via their redistribution channels. Plainly speaking, recyclers get the stock and you get the most for your device.
Prices so far have been somewhat erratic accross the board for iPhones, with the newest iPhones from 2021 series not showing any movement. However, we've identified the biggest increases for select iPhone models and we anticipate the prices for these models will continue to increase throughout August so you can bag even bigger savings.
The best movers August 2022 vs July 2022:
There have been a few iPhone models that have decreased in value, however the drops aren't as significant yet as we anticipate after the release of iPhone 14 series. Most notable drops in prices are for more popular iPhones:
*Average trade-in price correct on 09/08/2022 at 12:53am
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 13 Pro Max 128GB||£695 (-2%)|
|iPhone 13 Pro 128GB||£664 (0%)|
|iPhone 13 Mini 128GB||£386 (+1%)|
|iPhone 13 128GB||£502 (+1%)|
|iPhone 12 Pro Max 128GB||£577 (+4%)|
|iPhone 12 Pro 128GB||£498 (+1%)|
|iPhone 12 Mini 64GB||£313 (+1%)|
|iPhone 11 Pro Max 64GB||£350 (+2%)|
|iPhone 11 Pro 64GB||£312 (+5%)|
|iPhone 11 64GB||£235 (+1%)|
Looking back at 3 generations of iPhones, we can see that only the iPhone 13 Pro Max 128GB has lost a small percentage from July 2022. The rest of models have gained in resale value which has grown, which in some cases translates to an extra £20 compared to July 2022.
August, once again, is proving to be the best time to sell your iPhone. If you are in your upgrade window or are determined to get the newest iteration of the iPhone, you should consider selling your iPhone before September comes.
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