Historical Resale Trends of the iPhone 7 Plus

by

Understanding the resale value of smartphones can be complex, especially with models like the iPhone 7 Plus. As technology advances rapidly, the value of older devices fluctuates based on various factors. This article explores the key insights into the resale market for the iPhone 7 Plus, helping buyers and sellers make informed decisions.

The iPhone 7 Plus was released in September 2016 and quickly gained popularity. Initially, its resale value was relatively high, reflecting its status as a premium device. Over time, however, the value has declined as newer models emerged. Typically, the resale price drops by about 20-30% within the first year, then stabilizes before declining further as newer iPhones become mainstream.

Factors Influencing Resale Value

  • Device Condition: Devices in excellent condition fetch higher prices. Scratches, dents, or battery issues can significantly lower resale value.
  • Storage Capacity: Higher storage models (128GB) tend to retain value better than lower ones (32GB).
  • Market Demand: The demand for used iPhone 7 Plus units influences prices. As newer models replace older ones, demand decreases.
  • Carrier Lock: Unlocked devices are more desirable and command higher prices than carrier-locked ones.
  • Color and Cosmetic Appeal: Popular colors like black or silver often sell better.

Current Resale Price Range

As of 2024, the resale value of an iPhone 7 Plus varies depending on condition and storage. A well-maintained, unlocked 128GB model can sell for approximately $50 to $100. Conversely, a device with visible wear, lower storage, or carrier lock might fetch less, around $30 to $50. These figures are approximate and can fluctuate based on regional demand and selling platforms.

Tips for Maximizing Resale Value

  • Clean and Repair: Clean the device thoroughly and replace the battery if needed to improve appeal.
  • Unlock the Device: Ensure the phone is unlocked for broader buyer appeal.
  • Gather Accessories: Including original accessories and packaging can increase perceived value.
  • Accurate Description: Be honest about the device’s condition and history to build trust with buyers.
  • Choose the Right Platform: Use popular resale sites like eBay, Swappa, or local marketplaces for better reach and prices.

Conclusion

The resale value of the iPhone 7 Plus has declined over the years but remains a viable option for budget-conscious buyers or those seeking a secondary device. By understanding the factors that influence prices and following best practices for selling, users can maximize their returns. Whether upgrading to a newer model or selling an unused device, knowledge of the market is key to making smart decisions.