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The resale value of an iPhone 6S Plus is significantly impacted by depreciation over time. Understanding how depreciation works can help consumers and sellers better grasp the true worth of their devices as they age.
What Is Depreciation?
Depreciation is the reduction in the value of an asset over time. For electronics like the iPhone 6S Plus, depreciation occurs due to factors such as technological obsolescence, physical wear and tear, and market demand.
Factors Influencing Depreciation of the iPhone 6S Plus
- Age of the device: Older phones generally depreciate more.
- Physical condition: Scratches, dents, or battery issues decrease value.
- Software updates: Compatibility with new apps or iOS versions affects desirability.
- Market demand: The popularity of the model impacts resale prices.
- Availability of newer models: Release of newer iPhones reduces demand for older models.
Resale Value Trends for the iPhone 6S Plus
Initially, when the iPhone 6S Plus was launched in 2015, its resale value was high relative to its retail price. However, as newer models like the iPhone 7, 8, and subsequent releases came out, the resale value of the 6S Plus declined sharply.
By 2020, the resale price of a used iPhone 6S Plus in good condition often ranged between 20% and 30% of its original retail price. This decline illustrates the typical depreciation pattern for smartphones.
Depreciation and Resale Price Calculations
Depreciation is often calculated using methods like straight-line depreciation or declining balance. For individual resale, market value is influenced more by supply and demand than strict accounting methods.
For example, if an iPhone 6S Plus originally cost $749, after three years, its resale value might drop to around $150–$250, depending on condition and market factors.
Tips to Maximize Resale Value
- Keep the device in good condition: Use protective cases and screen protectors.
- Maintain battery health: Replace the battery if necessary.
- Update software: Keep the device running the latest compatible iOS version.
- Clean the device: Remove dirt and fingerprints before selling.
- Provide original accessories: Including original box and accessories can increase appeal.
Conclusion
The depreciation of the iPhone 6S Plus over time significantly reduces its resale value. While it can still fetch a reasonable price if well-maintained, buyers should be aware of how market dynamics and device condition influence its worth.