According to data collected and analyzed by consumer electronics recycler NextWorth, the value of previous-generation iPhone models has historically declined rapidly beginning well ahead of next-generation announcements.
The average selling price of Apple's iPhone 3GS and iPhone 3G models sold on eBay last year began to decline rapidly in mid-May according to the data, dropping between 10% and 15% by the time Apple announced the iPhone 4 on June 7th. The mere anticipation of a next-generation model is enough to send iPhone resale values south.
By the time Apple's iPhone 4 launched in late June 2010, eBay resale values of the iPhone 3GS and iPhone 3G had dropped roughly 22% and 27% respectively, and they continued to decline until the middle of July. To make matters worse for iPhone owners planning to pawn off their phones, Apple is expected to unveil a new low-cost iPhone 4 model alongside the iPhone 5 in the coming weeks.
The draw of a brand new iPhone 4 available for $99 or less on contract - and possibly $350 with no contract in some markets, as BGR reported exclusively back in July - could potentially push the resale value of older models down even faster than last year.
Apple is expected to unveil two new iPhone models in the coming weeks, a low-cost version of the current iPhone 4 model with various minor design tweaks and a brand new iPhone 5 said to feature a new case with an aluminum back, a larger display and an 8-megapixel camera.
source:Boy Genius Report
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