iPhone users are already ditching the month-old iPhone 8
The long-awaited iPhone X may have some unexpected buyers—at the expense of the one-month-old iPhone 8.
Electronics recycling site Decluttr.com says it has received more trade-ins of the iPhone 8 and 8 Plus than any other previous new iPhones. It appears that users lured by the new features of the coming iPhone X are trying to cash in on their iPhone 8 and 8 Plus while the value is still relatively high.
James Bell, digital marketing manager for Decluttr, told Yahoo Finance that he wasn’t expecting people to trade in their iPhone 8 at all, even after the iPhone X is officially released on Nov 3.
“We thought it would be just iPhone 7 [for trade-in], but it seems people aren’t necessarily satisfied with the iPhone 8. This just doesn’t happen. We never have that many iPhones within the month of the release.”
The site says 7% of thousands of the iPhones it bought in the past month were iPhone 8s, while in the same period last year the percentage of then-released iPhone 7 was only 1%. A 256GB iPhone 8 can be traded at up to $500, less than one-third of the retail price of $849. After October 27, the pre-order date of the iPhone X, the trade-in price is expected to drop by 30%.
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