Used mobile phone values on the increase
Wednesday, July 4, 2012 - 14:15:53
The latest figures suggest that the average value of an old mobile phone is 68 per cent higher than it was this time last year, according to the Telegraph.
A typical used phone will fetch around £101 when it is sold on, which is considerably more than the £60 average that was registered during April of 2011.
Of course prices vary, depending on the make and model, with high end handsets, like the iPhone 4, still fetching in excess of £200, almost two years after it was launched.
Anyone who does invest in an Apple handset can see that doing so will result in a better buy back price further down the line, which can make mobile phone recycling attractive for those who want to upgrade to the iPhone 5 later in the year.
If you do pick up a high end handset, then you will need to shoulder high costs for the contract or pay a large amount upfront, but with impressive resale rates, it is clear that you will be able to recoup some of your investment.
Looking at the rates of mobile recycling, it is clear that people are still more willing to sell an old iPhone to recycling services than many other makes, because of its retained value. Of the top 10 mobile models recycled during May of 2012, four of them were from the iPhone range.
It seems that the three year old iPhone 3GS is finally coming to the end of its life cycle, as it topped the recycling charts in May, netting an average price for users of £118. This is actually slightly more than was paid for the model in April and suggests that some particularly popular handsets can have their values revised upwards, as well as down.
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