Most iPhone models decline by 20% three months after the launch of the next model
The data shows that 46% of phone owners do not trade in their device at the same time that they upgrade to a new handset and instead wait an average of 10 weeks. During this delay, the device being traded in typically declines by 33% or $73 in value. With the average person completing 38 trades over his/her lifetime, this means that roughly $2,700 is lost to procrastination by the time a smartphone owner no longer has a need for the device.
Decluttr says that on average, the launch of a new iPhone drops the value of the predecessor model by 12% after the first month and 20% after three months. When the iPhone 12 series was launched last year, the iPhone 11 dropped 15% and 20% after one month and three months respectively. If the typical depreciation continues with the launch of the iPhone 13 series, after one month each of the iPhone 12 models will lose 12% and after three months, the value of each model will drop by 20%.
If depreciation occurs as in the past, all four iPhone 12 models will decline in value by 12% after one month and 20% after three months
31% of phone owners in the states do not trade in their phones at all leaving older handsets to collect dust in a drawer. These phones are losing value and also create what decluttr calls e-waste that could eventually end up in landfills across the country. Not surprisingly, it is older people who are more apt to refrain from trading in their phones.
Apple iPhones historically drop in value by 49% after one year and 66% over two years
OnePlusphones lose a whopping 72% during the first 12 months and 80% over 24 months. Lastly, the Google Pixel series drops in value by 64% on average after a year, and after two years that decline equals 80%.
