Reasons Why You Should Switch Your Old Apple (NASDAQ:AAPL) iPhone As Soon As Possible

As you might have heard that the new iPhone 6 is going to be launched soon and once it hit the market, your old iPhone will start losing its value. You should keep this in mind if you are thinking of selling your old iPhone.

According to an analysis made by uSell.com, it’s been observed that just a week after the release of the new iPhone, the old iPhone would have lost its value by 11%. If you’re planning to sell your old iPhone after say seven weeks, you are going to lose 21% on your phone. For a 5s iPhone, you might encounter a loss of $62 depending on the condition of your phone. If you keep on waiting, you’d lose $44 for iPhone 5c and $42 for iPhone 5.

So what could be done to make the most of this situation? You can lock in the sales price of your phone now and switch it after getting your new phone delivered.

How, you might ask? You can check uSell.com, where 32 GB iPhone 5s fetches around $275 currently if your phone is in a good condition. The site will send you a shipping kit after you lock in the sales price of your phone. You can drop your phones within 30 days in the mail and you’ll get paid via PayPal or check, after the buyer receives your device. The COO of uSell, Nik Raman, highlighted that buyers have a time limit of Five Business days to pay for your device.

If you have dropped your iPhone several times or its screen is cracked and it doesn’t work anymore this damaged iPhone can net you $96 on this site as well. Their buyers are professional refurbishers and people get a handsome amount for their damaged phones.

You have other options as well for reselling your old iPhones as there are numerous marketplaces which deal in used electronics which are mentioned below:

1) Glyde: Glyde takes a part of the sale price and helps sellers and buyers to find each other just like eBay.

2) Gazelle: This site works just like uSell where you can lock in the sales price offered by this site for 30 days and you will receive a free shipping kit in which to dispatch your phone.

3) SellCell: This is another site which offers you an instant sales price which after you accept will be directed to the site of the buyer where the transaction can be completed.

In a nutshell, selling your old iPhone is not a problem and there are plenty of ways if you decide to sell it soon before it loses its value. According to Apple (NASDAQ:AAPL), there are pre-orders for almost 4 million phones including the iPhone 6 and iPhone 6 plus. Some customers might have to wait till November till they can get their hands on their new iPhone, others could check in their local Apple (NASDAQ:AAPL) store.