Aside from getting hundreds of millions of consumers to spend their money on a new iPhone model each passing year, there’s one thing Apple does incredibly well – making high-quality, cutting-edge smartphones with features that keep consumers coming back for more. It’s that quality, along with Apple’s continued support for and access to software updates for older iPhone models, that adds up to consistently superior resale values compared to competitors. Even the iPhone 11 continues to be a top draw, and it’s since been upgraded to two higher-end models.
However, just like when you drive a new car off the lot, simply taking your new smartphone out of the box causes its trade-in value to drop. But one to two years down the road, you can count on your used iPhone to put a pretty big dent in your upgrade costs versus someone who opted for an Android.
In fact, though iPhones tend to lose about 43% of their value in the first six months, that doesn’t come anywhere close to brands like LG and Huawei, which depreciate around 56% and 74% on average annually, respectively. In short, if you plan on trading in and trading up in the future, there’s no better smartphone option than the iPhone.
Since you’re interested in how much your iPhone XS or XS Max is worth, we can only guess that you’re thinking of trading it in in the near future (an iPhone 13, perhaps, or a newer model down the road). Fortunately for you, both of these models keep up with Apple’s track record of respectable resale values.
So, just how much can you plan to get for your used iPhone XS right now? Read on to find out.
With a slick design, excellent cameras, and crystal-clear screens, the iPhone XS series has been a hit with Apple fans since its introduction back in 2018. Of course, all those perks came with a price to match, starting out at $999 for the iPhone XS and $1,099 for the iPhone XS Max – and those are just basic model prices.
Now, with the arrival of the iPhone 13, you might be thinking that it’s time for an upgrade and are curious about how much your iPhone XS can fetch you. In addition to which version you have, your iPhone XS or iPhone XS Max’s resale value depends on a number of factors. These include:
|•||Condition – Does your phone have any dings or abrasions? Or worse yet: functional damage? They’ll all cost you. Even scratches can decrease your trade-in by an average of 23%).|
|•||Carrier – Is your iPhone XS locked to a specific carrier (relax, Verizon customers: all Verizon phones are automatically unlocked 60 days after purchase)? If so, your resale value could decrease to 24-51% depending on your wireless provider.|
|•||Payment – Accepting store credit could net you more than getting cash.|
|•||Storage size – 64GB, 256GB, 512GB—the bigger, the better.|
Taking everything into account, an iPhone XS is worth between $52 and $380, while an iPhone XS Max is worth between $76 and $469. Please note that these resale values are based on different iPhone models in varying condition on the Verizon network and will depend on where you trade in your device. (The prices above are based on GadgetGone estimates.)
It’s important to remember that your offer will change depending on the condition of your phone. For example, the same iPhone XS above won’t get you anything at Best Buy if it doesn’t turn on, while a brand-new, never-activated iPhone XS Max will bring in $469 from GadgetGone.
Based on the offers above (including the lower values focused on inoperable models), where you trade in your old iPhone XS or iPhone XS Max can make a big difference. We’re talking potentially $200 or more for the 512GB model – that’s no small amount. Additionally, although getting $180 in cash that same day from an ecoATM for that model sounds great, you might want to kick yourself when you realize that you could have gotten $469 from GadgetGone (for that same 512GB model) if you had waited a little longer. Likewise, getting a $245 account credit from your wireless provider seems like a good deal, but what if you actually need cash?
Regardless of whether you’re looking to upgrade or just needing some quick cash, the first thing you should do is shop around for iPhone resale values. Think outside the box – buyback sites, big-box retailers, your carrier, Apple Trade In, maybe even a wildcard like GameStop, Amazon, or ecoATM. Watch out for any promotions they might have available to maximize your trade-in. Plus, some buyback companies (such as GadgetGone) will even price match better offers you receive from competitors.
With just a little bit of effort, you can make sure you’re getting the most money possible for your used iPhone XS or Max.
To help you along, we checked out current resale values with some of the top buyback programs. Please note that the prices below are for an iPhone XS or iPhone XS Max with 512GB in good condition on the Verizon network. Your specific offer is dependent on your iPhone’s storage size, condition, and carrier.
|iPhone XS||iPhone XS Max|
|Amazon Trade-In (store credit)||$222||$301|
|Best Buy Trade-In (store credit)||$210||$275|
|GameStop Trade-In (store credit)||$228||$276|
|Apple Trade In (store credit)||$220||$280|
|AT&T Trade-In Program (store credit)||$170||$240|
|T-Mobile Trade-In Program (store credit)||$165||$245|
|Verizon Device Trade-In Program (store credit)||$170||$245|
Feel like you’re ready to trade in? Be sure to read our reviews of 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 before finalizing your buyback option.
Dreaming about your new iPhone model already? Don’t get too comfortable, as these resale values won’t stick around for long. In fact, you can expect those numbers to drop by around 30% after a few days, especially as a new model gets closer to announcement.
In short, don’t delay. Luckily, with many buyback companies and trade-in programs, your quote will be locked in for several days, giving you plenty of time to decide (GadgetGone in particular has a price-lock period for 14 days). So, use this to your advantage while iPhone XS resale values are still high.
Speaking of dynamic trade-in values, it’s crucial that we mention that any online offer is subject to change once your device is received and evaluated. Why, you might ask? Well, although you might believe that your iPhone is in good condition, the evaluator may not see it that way. So, don’t be surprised if that $200+ you thought you were getting becomes $150 due to wear and tear that only an expert can see.
If you’re thinking that sounds a bit frustrating, we’re right there with you. Unfortunately, what looks like gentle use to your untrained eye may actually be worse than you think. After all, that’s why we’re the experts. Fortunately, many buyback options will send you back your used iPhone – for free, no questions asked – if you don’t like the final offer. Most, but not all (like, for instance, Verizon).
In other words, take the time and research before you sell. It could make all the difference in getting you top dollar for your unwanted iPhone XS. And that’ll send you on your way to getting a model that you do want.
Follow us on social media for more helpful tech tips, future special offers and behind-the-scenes GadgetGone goodness! (Plus, we have a dog!)
Tiktok (with videos!): GadgetGone_
Ready to See What Your iPhone XS Is Worth?
Our no-obligation quotes are simple, fast, hassle-free.