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iPhone Depreciation 2022 | The Perfect Time to Sell Your iPhone 12 or 13
Phone advice | by Denise Timmis | Aug 16, 2022
iPhone 14: The Perfect Time to Sell Your iPhone 12 or 13
As the release date of the iPhone 14 approaches, it can only mean one thing—out with the old, in with the new. Details about the new range have been rumoured for months, with every pre-launch update revealing more details about each model’s advanced features. The countdown is on and millions of IOS fans are preparing to upgrade their device and get their hands on the next generation of iPhone.
Ahead of the highly anticipated release, many will opt to trade in their iPhone 12 or 13 to cover part of the cost of their next iPhone. Thinking of making the switch? We’ve got all the information you need to make the right decision. Get the lowdown on when, and how much, older iPhones depreciate, and find out when the best time to sell is.
If you’re already planning on using Envirofone’s services, head to our iPhone 14 rumours page for a sneak peek at what to expect in September.
iPhone 14 demand will kick-start deprecation
As soon as the iPhone 14 hits the shelves, many iPhone 12 and 13 owners will be quick to hang up on their current smartphones. Prior to each Apple launch, the search volume (Envirofone data) for iPhones increases dramatically in August and September. This surge in searches is likely due to the average phone contract lasting 15 months, which means people are looking around for a replacement handset around autumn.
Envirofone data suggests that both the iPhone 12 and 13 will depreciate by around 22 percent and 27 percent respectively after this period. Unfortunately, where Apple is concerned, tech moves fast, which means if you’ve got an iPhone 13 Pro Max 128gb device that’s 12 months old, you could receive 26.88 percent less in trade value come October (based on trend data for the iPhone 11 and iPhone 12 ranges in 2021). To put things in perspective, that means up to £168 less for the iPhone 13 Pro Max and up to £133 for 12 Pro.
The table below shows how several models of the iPhone 12 and 13 are predicted to depreciate after the launch of the iPhone 14.
August is the best month to trade in an iPhone 12 or 13
The sooner you trade in your old smartphone, the better. The expected decrease in demand for iPhone 12 and 13 handsets after the September release means trading your smartphone in August will reap more value (based on iPhone 11 and iPhone 12 data from 2021).
As you can see from the graph, premium iPhone 13 handsets that are equipped with the most functionality, such as the Pro Max 128GB, could see up to £168 wiped off their trade in price tag. The same phone with 256GB of storage could see a price drop of £186.
Across the board, the data shows that all iPhone 13 handsets will see a significant and immediate drop in value after the launch of their successor.
It’s time to cash in your iPhone 12 or 13
Still haven’t made your mind up? Your time could be running out. Act now and trade in your old iPhone before the end of August to get the most value from your old mobile. You could earn up to £168 more than waiting for the release of Apple’s iPhone 14.
Sell your old iPhone >
We make it super simple. Send us your iPhone 12 or 13 in one of our free postal bags, and we’ll run a few tests to determine its value, based on factors such as condition. Then all you need to do it kick back, relax, and wait for the money to land in your account. Head over to our selling page today for further information.
*prices displayed are based on the time of publication
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