Time to Sell or Trade Your Smartphone?
Apple’s iPhone 6 won’t start shipping until September 19 (and delays of 2-3 weeks have already been announced) but carriers are already using the much-anticipated phone to compete for new customers and tempt existing customers into renewing their contracts for another two years. It's also created a hot market for used smarpthones. Read on to see how you can benefit...
iPhone 6 Spawns New Competition
A flurry of trade-in offers, price reductions, and other incentives followed Apple’s unveiling of the iPhone 6 almost instantly. Here is a summary of what the major carriers are offering to get your business on this hot new phone:
Verizon is offering a free iPhone 6 with 16 GB of storage to existing customers who trade in recent iPhone 5s and renew contracts for another two years. T-mobile announced that it will match any Sprint, Verizon, or AT&T trade-in offer and add $50 to it. Check the mobile provider's website or visit their retail store for complete details.
Even GameStop, the video game retailer, is holding a weekend-long trade-in extravaganza with store credits or cash in exchange for your old iPhone, Samsung Galaxy S, and selected other smartphones. GameStop will surely sell those used phones on the thriving secondary market, where certain models and brands retain their original value better than others. Best Buy, Staples and Target retail stores are also offering gift cards for iPhone trade-ins.
According to operators of used-electronics exchanges such as Gazelle and Glyde, iPhones are the BMWs of the phone world; they retain a higher percentage of their list prices in the secondary market than most other brands. But, like cars, the resale value of a phone still plummets rapidly as newer models come out. An iPhone 6 without a contract starts at $650 new. An iPhone 5s goes for around $350 used; an iPhone 4 may fetch only $50 to $70.
Where to Sell or Trade Your Phone
There is a wide variance in trade-in values offered by carriers and used-phone exchanges, so it pays to shop around. In addition to the Big 4 carriers and above-mentioned retail store offers, here are some other places to shop for the best price on your used phone:
eBay is offering a $100 coupon (good towards your next eBay purchase) if your phone doesn’t sell at auction; but read the terms and conditions carefully. Items with cracked screens or other types of damage are not eligible for the promotion. If you've been wanting to sell your iPhone, Samsung Galaxy, HTC One, LG Nexus, or Blackberry (Q10 or Z10), check it out.
If you don't want the hassle of an auction, Amazon is offering gift cards of up to $400 for iPhone 5s trade-ins. They also accept trade-ins for other cell phones, various electronic gadgets, books, movies, music, and video games.
Gazelle is mainly interested in Apple products, including computers, tablets, and iPods.
Glyde is a place to buy or sell used phones of Apple or Android operating systems
NextWorth deals in phones and other personal electronics, and you can get paid for your old stuff on the spot in 1,500 NextWorth partner stores, including Target.
BuyTronics started in 2007 as BuyMyBrokeniPod.com, but now it deals in phones, cameras, camcorders, “fitness devices,” and computers.
Glyde told Cnet that it’s processing three times as many iPhone trade-ins since the iPhone 6 launch, and listings of Android phones are up 50 per cent versus the week before the iPhone 6’s debut. A big spike in elderly iPhones – model 4 and earlier – suggests that many iPhone owners have been waiting for a truly significant upgrade that has finally arrived.
Are you ready to sell or trade your existing smartphone? Your thoughts on this topic are welcome. Post your comment or question below...
This article was posted by Bob Rankin on 18 Sep 2014
|For Fun: Buy Bob a Snickers.|
Geekly Update - 17 September 2014
The Top Twenty
Cheap Windows 8 PCs
Post your Comments, Questions or Suggestions
Free Tech Support -- Ask Bob Rankin
Subscribe to AskBobRankin Updates: Free Newsletter
Copyright © 2005
- Bob Rankin - All Rights Reserved
Article information: AskBobRankin -- Time to Sell or Trade Your Smartphone? (Posted: 18 Sep 2014)
Copyright © 2005 - Bob Rankin - All Rights Reserved