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iPhone - Fix vs. Sell
 How do you know when it makes sense to fix an iPhone vs. selling it for parts. The resale rules are different for the iPhone when compared to any other smartphone on the market. The original iPhone was released almost 3 years ago but sellers ask and receive up to $150.00 for a broken iPhone depending on the issue. The development of OS X into a platform and large application base ensures that even the oldest iPhone has value and this drives the used parts market.
There are some situations where it makes sense to sell on older generation iPhone for parts and use this money to apply to a used newer generation iPhone. The differential can be as low as $100.00 in some cases and you end up with a newer iPhone, potentially in better condition. Below is used iPhone pricing that sellers can expect to receive. Pricing analysis was completed on 3/1/2010 using the 16GB capacity as the benchmark. The variability in the buyer pricing is due to the condition of the iPhone
Important!: When selling iPhones you should use eBay to extract maximum value by leveraging an auction style system. When purchasing you should use Craigslist which allow you to take advantage of unaware sellers. Craigslist users are generally unaware of the market value of a used iPhone. If you're patient and the first to reach the seller you should be able to get a good deal. |
