Sell Your iPhone Now! (Why It’s A Smart Strategy)

by Categorized: Telecom, Uncategorized Date:

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Today’s Bottom Line column:

Expect the usual buying frenzy when Apple, as rumored, introduces two iPhone models at an “event” scheduled for Sept. 10.

Another Apple-inspired frenzy, coincident with any new-model expectations, has already begun: the unceremonious dumping of older iPhones by owners anticipating an upgrade.

“Get rid of it early,” says Nik Ramon, chief operating officer of uSell.com, an online market place where sellers can solicit bids on their electronics from a half-dozen wholesalers and refurbishers. “Prices only go in one direction. Over time, it’s like a car. As a rule of thumb, we’ve calculated that the iPhone depreciates 5 percent a month. An Android depreciates more like 10 percent per month. At the time of an announcement, that accelerates.”

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