Apple is expected to release four new iPhones in the autumn with some featuring super fast 5G network technology for the very first time. MusicMagpie predicts that this upgrade could have an even bigger impact on the price of older iPhones and depreciation could be even higher than previous years as every previous model is only compatible with slower 4G networks.
Explaining more, Chief Marketing Officer at musicMagpie Liam Howley said: “As we’ve found in previous years, Apple handsets continue to hold their value for longer than any other phone brands. However, they still see their value drop dramatically following the release of a new handset.
“With the expectation of 5G, this year’s release could lead to an even quicker rate of depreciation for older models that aren’t 5G compatible. Anyone wanting to upgrade should aim to get a price locked-in as soon as possible, to make sure they’re getting the best value for their old handset.”