Each year, thousands of people around the world wake up late at night to go stand in line. No, not for Black Friday shopping or Hamilton tickets (although we’ve definitely seen that happen, particularly with members of our staff!), but to be one of the first to own the newest iPhone model.
Is this unnecessary? Yup, especially with the ability to pre-order. This seems a bit on the fanatical side, doesn’t it? Eh, possibly, but people will do crazy things for love. And if there’s one thing that Apple fans love, it’s a new iPhone. But, what is it about these prisms of Gorilla Glass and metal that inspire so much devotion? In two simple words, utmost quality.
With their sleek design, premium components, and innovative technology, people can’t help but keep upgrading time and time again. This, along with Apple providing continuous software updates for older-model iPhones, all adds up to yet another perk for Apple fans: excellent resale values.
Sure, like all new electronics, merely taking your new phone out of its box will decrease its value. Even taking that into account, however, iPhones only depreciate around 43% in the first year. Comparing that with brands like Google and Huawei, which respectively lose around 67% and 74% of their value, respectively, each year, it’s easy to see that iPhones are the superior choice if you’re looking for high resale value when you trade in.
For all of you out there wondering what your iPhone X is worth (ready to trade in for that new iPhone 12, perhaps?), you’re in luck. Even though it’s pushing three years old, this generation of iPhone still hangs on to respectable resale values.
So, about how much can you expect to get for your old iPhone X right now? Keep reading to find out.
Thanks to its new notch and the disappearance of the home button (this change surprisingly went a long way), the iPhone X was considered a gamble when it was unveiled in September 2017. However, it won people over with its powerful TrueDepth camera and eye-popping Super Retina display. Of course, this “future of the smartphone” came with a price to match, starting out at a hefty $999.
With the iPhone 13 models thriving, you’re probably pondering an upgrade and wondering how much your iPhone X can fetch nowadays. In general, your iPhone X’s resale value will depend on several factors:
|•||Condition – Dings, dents, cracked back glass, or (dare we say) functional damage: Needless to say, they’ll all cost you. Even simple scratches can lower your buyback payout by an average of 23%.|
|•||Carrier – Verizon customers, rejoice! All Verizon phones are automatically unlocked 60 days following purchase. For everyone else, however, be prepared to see your resale value decrease by 24-51%, depending on which network you use.|
|•||Payment – For trade-in programs with multiple payment options, you’ll generally get more by choosing store credit instead of cash. But you’re limited in how to spend it in some circles, like at GameStop.|
|•||Storage size – When it comes to your iPhone X’s resale value, bigger is always better. And by better, we mean more cash.|
Taking these factors into consideration, an iPhone X is worth between $115 and $225 depending on which buyback option you choose. Note that these resale values are specifically for a good condition, 256GB iPhone X on the Verizon network.
Of course, the offer for your device will change based on your own phone’s specifications. For example, a similar iPhone X would be worth zilch at Best Buy if it doesn’t turn on. In contrast, an iPhone X that has never been activated would fetch $318 at GadgetGone.
Ready to trade in and trade up? Hang tight for a second. The buyback program you go with can make your resale value a lot less than you expect. In fact, depending on your iPhone, you could be looking at possibly two times as much money. So, while going home $115 richer after stopping by your local ecoATM sounds reasonable, you might change your tune once you see that sending your phone to GadgetGone could net you $225. Similarly, $210 in store credit is all well and good, but what if you actually need cash more? (That’s definitely a thing these days.)
Bottom line, no matter if you’re ready for an upgrade or need to make a quick buck, you should first take some time to shop around. As tempting as it might be to only look at your carrier, Apple Trade In, or big-box retailers like Best Buy, we encourage you to do some exploring. Buyback sites like GadgetGone, as well as non-traditional options like ecoATM, Amazon, and GameStop, can offer better payouts or convenience than other well-known options. To maximize your trade-in, look for special promotions or options that allow you to price match (such as ours!).
With a bit of time and research, you’re sure to get the most money for your old iPhone X.
To get you started, we made note of the current resale values (as of January 2022) at some trade-in locations. The amounts below are specifically for a good condition, 256GB iPhone X on the Verizon network. Again, your specific offer will vary according to your iPhone’s storage size, condition, and carrier.
|Amazon Trade-In (store credit)||$156|
|Best Buy Trade-In (store credit)||$180|
|GameStop Trade-In (store credit)||$188|
|Apple Trade In (store credit)||$160|
|AT&T Trade-In Program (store credit)||$130|
|T-Mobile Trade-In Program (store credit)||$132|
|Verizon Device Trade-In Program (store credit)||$136|
Before you select your program, make sure to check out our reviews for Amazon Trade-In, Best Buy Trade-In, ecoATM, GameStop Trade-In, Apple Trade In, AT&T Trade-In, T-Mobile Trade-In, and Verizon Device Trade-In. It’ll give you a better idea of what to expect before you bid “adieu” to your device.
Daydreaming about all the money you’ll save on your new iPhone? Don’t get too excited just yet.
Resale values are constantly changing, but especially so in the 24 hours following an iPhone unveiling. (While one isn’t obviously happening this week, Apple could easily surprise with a first look at the iPhone 14 line-up.) Normally, you can expect your potential buyback price to sink around 30%. With 2022, however, that depreciation rate could double, depending when a new model is announced.
In short, strike while the iron is hot. You might ask, “But what am I doing all this research for then?” Well, in this case, you can prepare for the best value. Many trade-in programs will lock in your offer for you for several days (we here at GadgetGone offer a price-lock period of 14 days). And since quotes are obligation-free, you’ll be able to both claim your iPhone’s currently high resale value and comparison shop for the best offer. You win either way!
It’s also important that we mention another thing that can alter your iPhone X’s trade-in value: its condition. Specifically, once your phone is received, it will be inspected both by hand and with software for any cosmetic or underlying issues. (Not to mention that some companies, like Amazon, use a third-party company to handle inspections, and they can be quite critical.)
If the results of the evaluation aren’t in line with the condition that was given for your device at the time of the quote, your final offer will be adjusted accordingly. Why? Aside from people looking at things they love potentially with blinders on (“No way the screen is THAT damaged”), experts just know what to look for. So, don’t be caught off guard if that $200 you were expecting turns into $150 because of wear and tear.
Speaking from experience, we know that leads to a world of frustration. That’s why GadgetGone (and many other trade-in programs) will gladly send your iPhone back to you free of charge, with no hassle whatsoever (or, with certain buyback options, for a small shipping fee) if you’re not completely happy with your final offer. Keep in mind, however, that with certain companies (like, for instance, out of the blue, Verizon), once you’ve shipped it, it’s gone for good and you won’t be seeing any compensation for your troubles.
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