The launch of Apple iPhone 6 is coming soon, but that’s probably got a lot of you wondering how you can cash in your current Apple smartphone or any other used cell phones you might have lying around.
Well, there is some art to timing the sale of an iPhone, and unfortunately, the ideal time to cash in was last month, according to NextWorth, a company that will buy used iPhones based on current market value. And with the clock ticking on the next generation iPhone’s official release, that price is rapidly dropping.
All phones generally lose more resale value the longer you are from their release dates.While iPhone selling prices tend to decline only gradually throughout the year, in the six-week period around a new iPhone launch they suddenly start nose-diving.
If you are in the market for a new cell phone, you have other options for what to do with your old one. Most cell phone providers have drop-off bins or mail-in programs to recycle cell phones, but there are otherways you can recycle your old cell phones and give to others. You can donate phones to benefit a worthwhile charity and at the same time help the environment by keeping the phones out of landfills.