The pricing for iPhone 6 and iPhone 6 Plus is lofty to many of us, but there’s some relief available for many current and former Apple users: used iPhones. Used iPhones can for as much as $200, thanks to peaking demand for earlier models. Statistics show that 75% of people that purchase the new iPhone will trade in their old ones. That brings up a grand total in excess of 22 million being turned in. Last year, only 50% of iPhone users turned their old phones in.
IDC projects that Apple will sell 65 million iPhone 6 and iPhone 6 Plus phones this year, service carriers have barraged consumers with offers, including an iPhone upgrade every two years for life. Another hooks customers up with $300 credit for old models. Still another company offers to top any competitors by $50.
According to Cote Collaborative analyst Michael Cote, “There’s a massive iPhone upgrade cycle going on and the carriers know this. There are a lot of subscribers in play right now. These customers are up for grabs and everyone is trying to hold on to them.”
Apple said that preorders for the new iPhone have eclipsed 4 million, a new record for the mobile device. Jonathan Atkins, analyst at RBC Capital Markets, reported that in a comparison of total costs over two years for an iPhone 6 with a base level of 16 gigabytes of storage, Sprint’s “iPhone for Life” plan — which lets users upgrade to a new version of the smartphone every two years — is by far the cheapest of the top four U.S. carriers.
Featured image via Apple
