Owners of the latest iPhone’s can expect to see their handset decline in value by up to a whopping £164 once the iPhone 13 is released according to new research. Mobile phone trader Envirofone have analysed iPhone trade value data over the past 7 years to predict how much the latest iPhone models (iPhone 12 and 11) will decrease in value, ahead of apples latest iPhone launch next month.
iPhone 12 models to lose 23% of their value
The research reveals the value of the iPhone 12 range is predicted to decrease by an eye watering twenty three percent.
The analysis of value trends of the iPhone X and iPhone XR ranges in 2019 reveals the iPhone 12 Pro Max as the model most likely to take the biggest hit, which could see owners lose out on a huge £164 while the iPhone 12 mini is expected to lose the least value in the range, yet could decline up to the value of £100.
iPhone 11 models expected to drop by up to £85
The iPhone 11 range values are also expected to take a dive with an estimated decrease of a staggering seventeen percent.
Following trends of the iPhone 8 and iPhone 8 Plus ranges in 2019, the data indicates the Apple iPhone 11 Pro Max will see the biggest decrease of up to £85 and the iPhone 11 will see the least drop of up to £65.
With this in mind the trends data ultimately suggests that August is the best time to trade in an old iPhone ahead of the new iPhone 13 release to avoid depreciation in trade value.
Denise Timmis, brand manager at Envirofone said: ”Many consumers make the mistake of trading in their older iPhone once they have their hands on the latest device, but our research reveals the month before is when iPhones hold their highest value after a new model has been released.”
Find out how much your iPhone is currently valued ahead of the new release next month by visiting the Envirofone trade site here.