With new iPhones just around the corner, it’s time to start thinking about your upgrade plans. You no doubt want one of the newer models — but you’ve probably already paid a pretty penny for one of the old ones. So what’s the solution? Here’s one: Sell your current iPhone to subsidize the new precious. OK, but what’s the best way to go about that? Have no fear — I’ve outlined all the best practices for selling your iPhone and maximizing profit. Note that CNET may get a share of revenue from the products and services featured on this page. When to sell your old iPhone: Right nowWhen selling iPhones, the closer we get to new iPhone preorders, the less your earlier model will be worth. In fact, within 24 hours of the iPhone 11’s unveiling, your old phone could lose up to 30% of its trade-in value, according to a recent report from phone-refurbisher Decluttr. That jibes with numbers we’ve seen in previous years, as well as with a similar report from MusicMagpie regarding phone depreciation.But, wait — if you sell now, won’t that leave you without a phone for weeks or even months? Time to bring in that… Read full this story
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