14 DAY TRIAL // Apple set a new record with the price of the iPhone X, as the base model costs $999 in the United States, and by the looks of things, the device remains a super-expensive purchase even when buying a used unit.
Research conducted by liquidation company B-Stock shows that when resold, an iPhone X can be purchased for an average of 85 percent of the original price. This means that the $999 iPhone can be yours for approximately $849.
Furthermore, those who purchase the iPhone X in bulk also pay more than usual on Apple’s anniversary model, as the price of the device when resold drops to only 75 percent of the original value.
The cited source claims that partially responsible for the high price of the iPhone X, even when resold, is the high demand in the United States, as only 2 percent of the units are sold in other countries.
More affordable model coming
While the iPhone X holding its resale value is good news for Apple, the company is also working on a more affordable model for this year’s generation.
A cheaper iPhone with an LCD screen, a single camera, but with Face ID is projected to launch alongside a successor to the iPhone X and a Plus-sized configuration.
This lower-cost iPhone could be priced at approximately $699, according to people familiar with Apple’s plans, and is expected to be the best-selling model in the entire 2018 iPhone lineup. By the looks of things, Apple itself has similar expectations, and orders of the cheaper model at suppliers account for more than 50 percent of the entire 2018 generation.
All new iPhones are projected to be unveiled in September, while sales should begin later the same month. Rumor has it that the more affordable model could be held back for at least one more month in order to give the premium configurations some exclusive time on the market.