iPhone owners told to act now or risk losing money | Tech News

Apple is broadly anticipated to announce its new iPhone 17, iPhone 17 Air, iPhone 17 Pro and iPhone 17 Pro Max on Tuesday, September 9. The firm is set to stream a seemingly pre-recorded announcement video from 6pm UK time, the place it’ll show off what’s new for 2025’s prime iPhones.

The iPhone 17 Air particularly, if that’s what Apple decides to call it, might make headlines. It is alleged to be a thinner design, slimming down the common measurement we’ve bought used to into one thing a lot more svelte. This is believed to be on the price of cameras, with rumours suggesting it’ll solely get one lens, very like the mid-range iPhone 16e.

You could also be ready excitedly to see what’s new this week. If it tempts you into a smartphone improve, you could be questioning when the best time to sell your present telephone is.

Selling your current telephone helps to offset the price of a new one, however specialists are warning you need to act as quickly as attainable.

“The iPhone resale market stays the same year after year, yet most people still wait until after the new models are announced to sell their old phones,” Sam Wilson, Director at Gadget GoGo stated.

“By then, it’s too late, and the market becomes saturated with old models and values drop.”

This presents you with a conundrum, as you’ll not need to be with out a smartphone now earlier than the iPhone 17 goes on sale, more than likely later this month.

But Wilson’s advice is to sell now, earlier than the iPhone 17 is introduced, so as to get the best price to your gadget.

“Pro and Pro Max versions can lose £150-300 in value within the first month after a new launch. That’s a lot of money they could have pocketed by acting just a few weeks earlier,” Wilson stated.

“iPhones generally retain their value better than other brands, which makes the timing of selling even more important. You’re starting from a higher resale value, so the actual amount you lose by waiting can be huge.”

Research by iPhone recycling firm Compare and Recycle claims the newest iPhone 16 collection misplaced 45 % of its resale worth within the first yr of its existence, a loss of about £500 on average.

But that does not essentially imply you need to rush to sell your tech.

“Frequent upgrades create an enormous amount of unnecessary waste, and our study shows that people are now keeping their devices longer, which is good news for both their wallets and the environment.” stated Antonia Hristov, Head of Marketing at Compare and Recycle.

If you possibly can’t resist, you possibly can sell your iPhone privately on trusted websites akin to eBay or Vinted, or by barely looser avenues, let’s consider, akin to Facebook Marketplace.

Apple provides trade-in choices when buying new iPhones by way of its official website, however as a basic rule these reductions might be much less than what you would doubtlessly get for a good situation iPhone on the secondhand market.

If you may have an older gadget mendacity round, it is perhaps clever to sell up now and use the a lot older telephone as a stopgap earlier than having the ability to invest in an iPhone 17 later.