Older iPhones still holding their value


IphoneresalevaluesBefore the day’s T-Mobile & Google Android news kicks off in full gear, I thought I’d get one iPhone observation out there. I happened to be nosing around to see if the first-generation handset is still holding its resale value. I used to only do this for cars, but thanks to the magic of eBay, there’s a second market for everything these days. Turns out the original iPhone isn’t doing half bad when I went to Cell For Cash just to get an idea of the device value. The original 4 GB model nets you $140, while the 8 GB that Barb and I each have would get us $214. That’s a far cry from the original pricing, but for potential upgraders, it’s tempting. An older 16 GB model currently nets you $284, so you could upgrade that for a minimal cost as well. Cell For Cash offers between $315 to $420 for current iPhone 3G models, but since you’d pay an Early Termination Fee on your current plan, I can’t see many folks doing this.When you think about it, it’s astonishing that you can still trade in a 4 GB model to get double the storage capacity plus the much faster 3G and accurate GPS for $50. Barb or I could do an even swap: old 8 GB for new 8 GB model and actually make $14 on the deal. Actually, Barb can’t: she dropped her phone a few months ago and cracked the glass. It still works, but she’ll be driving that thing into the ground now. The iPhone, not our car.


James Bailey

I sold my original 8 GB iPhone on Craigslist for $270. I had 12 offers in less than an hour including one for $20 more than I asked. A painless transaction. I handed over the phone, he handed me cash. No chance for any fraud issues on either side.


Until 3G one gets unlocked, 1st Gen will hold good value. Also there are folks who prefer 1st Gen due to increased monthly cost for iPhone 3G. I am one of them and don’t agree to AT&T idea that I should pay more for the speed rather than amount of usage.

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