If you have an old iPhone gathering dust in a drawer that you’ve been meaning to sell, then today is the time when you’ll attract the best price.
According to the iPhone Price Tracking report, which analyses sales data for the past six generations of handsets, prices generally take a dip ahead of new models come to market.
Data shows that in the ten days between the announcement of the new iPhone and its release, consumers are likely to receive £50 less for their old phones.
Apple has sent out invites to an event at Steve Jobs Theater at Apple’s ‘spaceship’ HQ in Cupertino tomorrow and is expected to announce the launch of three new models.
The iPhone 6 is one of the most popular models and you can expect to get around £170 for a 128GB model and £210 for a 64GB model before prices plummet.
Today is the best day to lock in a price for your old iPhone as prices are set to plummet on second hand models when Apple announces the next generation of handsets tomorrow
Matthew Moreton, Managing Director at compareandrecycle.co.uk, which prepared the report, explained: ‘The announcement date means one thing for iPhone resale prices: they will be at their highest prior the date of unveiling.
‘If you don’t lock in your recycling price on announcement date, you will miss out on a fair amount of cash.
The 16GB and 32GB variants can be recycled for an average price of £100.
Recyclers can hope to get an average price of £210 for an iPhone 6 Plus in good working order and condition.
From now, prices are set to slowly drop through the rest of September and beyond.
It is believed that Apple is branding this year’s lineup an ‘S year’ – meaning the new devices will mostly include internal improvements, instead of any major aesthetic overhauls, Bloomberg has claimed.
This tallies with previous reports that suggest Apple will launch three new models that resemble the existing iPhone X all-screen design on September 12th.
The three models are tipped to boast 5.8-inch, 6.1-inch and 6.5-inch displays.
All three models could have a battery charge that lasts for more than a day thanks to a new Apple-designed processor that is set to increase battery life by as much as 40 per cent.
Apple has been widely rumored to be prepping three new iPhones for later this year. A leaked image reportedly shows the glass panels that will be used in the iPhone models
A 6.5-inch iPhone, referred to internally as D33, will feature Apple’s largest screen yet, as well as new features like the ability to view content in a side-by-side view.
While it will be the biggest phone in the lineup, Apple is said to be mulling whether or not it should drop the ‘Plus’ label for the 6.5-inch device, Bloomberg noted.
The 6.5-inch and 5.8-inch models will both feature improved processing speed and upgraded cameras. It’s unclear what specific changes will be made.
Apple will try to appeal to price-sensitive consumers with a 6.1-inch model that’s most akin to the iPhone 8, aside from the addition of a bezel-less screen.
The devices are also set to have a new processor, expected to be called the Apple A12, that will significantly improve the battery life in all three models.
The next-generation chipset will have an increased number of transistors, which are tiny switches that allow electricity to pass through the processor.