Your iPhone could be worth £200 LESS now– urgent alert for all owners
ANYONE hoping to sell their current iPhone before the new one is revealed has just missed their chance.
The iPhone 14 was launched today at , which usually means previous models crash in price.
Experts have analysed how new arrivals affect the value of old ones in the past, to work out how much owners stand to lose out on if they leave it too late.
According to , data suggests the iPhones 12 and 13 will depreciate by around 22 percent and 27 percent respectively after the iPhone 14 is released.
Depending on the model, the iPhone 13 could have a price drop of £26, all the way up to £208.
The iPhone 13 Pro Max 128GB is set to see the highest price fall.
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They estimate that second-hand devices of this model could see up to a whopping £168 wiped off their original price.
And the older iPhone 12 doesn't far much better.
iPhone 12 could see a drop up to £139.
It’s predicted to further depreciate anything from £16 to £130 depending on the storage space the device holds.
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"August is the last month of the year to sell any Apple device for the best price possible due to the anticipated new launches in September," said Denise Timmis, Brand Manager at Envirofone.
"This is especially true if you want to earn extra cash for your upgrade.
"Realising how much the value of our devices drops because of new product launches further emphasises that now is the right time for selling and trading in our old devices."
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Apple revealed four models.
They are the iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14 Pro Max.
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