PRICED DOWN
Your current iPhone could plummet by up to £164 in trade-in value once the iPhone 13 is revealed.
That figure comes from mobile trade-in site Envirofone, which has analysed used iPhone sales around iPhone launches stretching back to 2014.
They used the data to predict how much the latest models (iPhone 12 and 11) will decrease in value ahead of Apple’s latest launch next month.
The research reveals the value of 2020’s iPhone 12 range is predicted to decrease by an eye watering 23 per cent.
Values of the iPhone 11 range are also expected to take a dive with an estimated decrease of 17 per cent.
The analysis of value trends reveals the iPhone 12 Pro Max as the model most likely to take the biggest hit.
Owners of the pricey model could lose out on a huge £164 in trade-in value once the iPhone 13 rolls in.
Of course, while it’s guaranteed that your iPhone will lose value after Apple’s September announcement, no one really knows how big the drop will be.
Apple mobiles tend to hold their value very well, particularly compared with rival Android phones.
But a new iPhone will spark a wave of interest in trade-ins, flooding the market – and driving your phone’s worth down.
