iPhone X Holds the Best Resale Value for a Smartphone, and There Are Three Reasons for That
The iPhone X is one of the most expensive flagship devices of 2017 (not counting the devices that luxury brands release), starting at a price of $999 in the U.S. for the 64GB model. Clearly, Apple’s pricing strategy did not fail when it launched the flagship, because the iPhone X sold the most number of units during the first quarter of this year. However, how is it holding up in the secondary market? Turns out very well, and there are several reasons for that which we will dive into straight away.
iPhone X’s High Price and Radical Design Change Are Primary Reasons Why It Touts Such a High Resale Value
According to B-Stock, the iPhone X is able to hold an average 85 percent of its resale value and it is able to do that thanks to the $999 price tag belonging to the 64GB storage model. Within six months after an iPhone launch, retailers and manufacturers can expect to sell that model at 60 to 70 percent of the original price, with the iPhone 6, iPhone 6s, iPhone 7, and iPhone 8 all achieved roughly 65 percent of retail value six months after launch across B-Stock’s network of mobile marketplaces.
Now, why is that? We understand that one of the reasons is thanks to its ludicrously high price tag, but what about the other reasons? Well, it also has to do with the fact that Apple might not manufacture the iPhone X after it has released the 2018 lineup this September. The company has been reported numerous times to stop producing iPhone SE units as well, and from the way things are looking, it definitely seems like it.
The third and final reason, according to B-Stock is that the iPhone X has the best design ever since Apple introduced the iPhone 6 and the iPhone 6 Plus, which were the first ever large-screen devices Apple had ever released.
Let us see how that resale value percentage of the iPhone X holds up after the launch of the newest members later this year.
You might also like to check out:
- Tim Cook Believes That the $999 iPhone X Tag Is a ‘Value Price’
- iPhone X Will Likely Be Discontinued This Year, As Apple Might Not Purchase Crucial Components for the Flagship
- Despite Poor Sales, the iPhone X Accounted for 35% of Global Smartphone Profits – Apple Takes a Larger Piece of the Pie Once More
News Source: B-Stock