Why does the iPhone have such a high resale value?

For many years, the iPhone has managed to retain considerable value, both as a new product and on the resale market. Everyone who buys an Apple smartphone knows they own a mobile phone with a high resale value.

Many people buy a new iPhone and then resell it a few months later. This is because it is a product in huge demand, and everyone is looking to buy one for less. So, an iPhone can quickly turn into cash in your pocket.

It is a fact that as soon as you buy a new iPhone and open the box, its value “drops” by around 30%. Buying a new Apple smartphone certainly feels special, and at the same time, it retains almost 70% of its value for many months. Even older iPhone models, such as the iPhone 5s and the 6, have a high resale value.

According to a study, the iPhone loses 43% of its value over 12 months, a highly competitive figure compared with rival brands such as Samsung and Huawei. Samsung smartphones lose 64% of their value in 12 months, and Huawei smartphones almost 75% over the same period.

Why don’t iPhone prices “drop”?

Demand for second-hand iPhones is always huge, all over the world. The condition of the phone obviously matters a great deal, but if Apple smartphones are in working order, there is no chance they will sit on the shelf for long!

Of course, we cannot leave out the bitten apple! The Apple logo alone is a reason why the tech giant’s products hold their value. The millions of Apple fans around the world will remain loyal, even if the company fails to meet their expectations at some point.  Finally, Apple makes no compromises when it comes to the quality of its iPhones, and this is perhaps the most important reason why their resale value remains so high. Their technical specifications and components are designed to satisfy every user.