Want an Apple iPhone for years on the cheap? Your chance to hang it are now better than ever.
More customers are moving to upgrade their smartphones more rapidly, that US wireless carriers transition away from two-year contract. Which is creating a resale market much larger for used iPhones that are just one year.
Upgrade programs at the beginning of major US carriers are encouraging this change in consumer behavior, with more people looking to move up to the latest models every year. Apple is also getting into the mix, unveiling this month, the new upgrade program for the iPhone that allows users to strike up a new smartphone every year.
These annual upgraders could benefit customers who are just as happy with iPhones year-old used. EBay, Amazon, Gazelle, Glyde and other resale sites, used models of the year-old iPhone 6 cost of about $ 300 to $ 500, depending on model. A new iPhone 6 starts $ 550 without a contract.
The movement of consumers to date made faster over the past two years could help Apple keep up with demand for its latest phones. The iPhone is now two-thirds of the company's revenue to maintain the interest for devices is critical for the Cupertino, California, company.
On eBay, year-old models accounted for 43 percent of US iPhone sales during the first half of September 2013, the time of year a new iPhone is usually announced. This figure rose to 50 percent in 2014 and 52 percent this year. Gazelle had a similar bump, with trade-ins year-old on his website from 28 percent during the same period in 2013 to 42 percent this year.
These statistics, however, do not mean most people Upgrade now every year. In fact, a set of other customers seem now standing on their phones for longer, or buying phones used as motivation for them to upgrade every two years dies, says Welch.
So when is the best time to buy or sell a used model?
Representatives from both eBay and Gazelle says on their sites the prices of the models of the year-old face their biggest fall a few weeks before a new iPhone is announced. Thus, sellers should be aware of this sharp decline, although many of them can not avoid it.
For buyers, most ads tend to hit eBay the days immediately after a new iPhone goes on sale to the public, which took place Friday with the 6S and 6S iPhone Plus.
"We'll see tens of thousands of listings are beginning to add to our site on a daily basis," said Hal Lawton, senior vice president of eBay North America.
This means that the best selection and prices for older models on the market will probably be Monday to Wednesday, said Vincent Payen, eBay's head of consumer sale.
So far, however, the resale market does not offer many clues on how successful the new iPhone will 6S. However, the off-year cycle of the "S" in which Apple adds some features, but expects to do a major overhaul of the year later, should encourage fewer resale, Payen said.
"Last year, we saw solid business, solid as we have never seen before," Payen said. "This year, it is too early to call."
More customers are moving to upgrade their smartphones more rapidly, that US wireless carriers transition away from two-year contract. Which is creating a resale market much larger for used iPhones that are just one year.
Upgrade programs at the beginning of major US carriers are encouraging this change in consumer behavior, with more people looking to move up to the latest models every year. Apple is also getting into the mix, unveiling this month, the new upgrade program for the iPhone that allows users to strike up a new smartphone every year.
These annual upgraders could benefit customers who are just as happy with iPhones year-old used. EBay, Amazon, Gazelle, Glyde and other resale sites, used models of the year-old iPhone 6 cost of about $ 300 to $ 500, depending on model. A new iPhone 6 starts $ 550 without a contract.
The movement of consumers to date made faster over the past two years could help Apple keep up with demand for its latest phones. The iPhone is now two-thirds of the company's revenue to maintain the interest for devices is critical for the Cupertino, California, company.
On eBay, year-old models accounted for 43 percent of US iPhone sales during the first half of September 2013, the time of year a new iPhone is usually announced. This figure rose to 50 percent in 2014 and 52 percent this year. Gazelle had a similar bump, with trade-ins year-old on his website from 28 percent during the same period in 2013 to 42 percent this year.
These statistics, however, do not mean most people Upgrade now every year. In fact, a set of other customers seem now standing on their phones for longer, or buying phones used as motivation for them to upgrade every two years dies, says Welch.
So when is the best time to buy or sell a used model?
Representatives from both eBay and Gazelle says on their sites the prices of the models of the year-old face their biggest fall a few weeks before a new iPhone is announced. Thus, sellers should be aware of this sharp decline, although many of them can not avoid it.
For buyers, most ads tend to hit eBay the days immediately after a new iPhone goes on sale to the public, which took place Friday with the 6S and 6S iPhone Plus.
"We'll see tens of thousands of listings are beginning to add to our site on a daily basis," said Hal Lawton, senior vice president of eBay North America.
This means that the best selection and prices for older models on the market will probably be Monday to Wednesday, said Vincent Payen, eBay's head of consumer sale.
So far, however, the resale market does not offer many clues on how successful the new iPhone will 6S. However, the off-year cycle of the "S" in which Apple adds some features, but expects to do a major overhaul of the year later, should encourage fewer resale, Payen said.
"Last year, we saw solid business, solid as we have never seen before," Payen said. "This year, it is too early to call."
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