Table of Contents
Determining the resale value of your iPhone 7 Plus 128GB depends largely on its age, condition, and market demand. Knowing how these factors influence price can help you maximize your return when selling.
Factors Affecting Resale Value
Age of the Device
The age of your iPhone 7 Plus significantly impacts its resale value. Generally, newer devices fetch higher prices. As the device gets older, its value declines due to technological obsolescence and wear and tear.
Condition of the Phone
The physical and functional condition greatly influences resale price. Phones in excellent condition with minimal scratches, no cracks, and fully functional features will sell for more.
Resale Value Over Time
Within the First Year
During the first year after release, the iPhone 7 Plus can retain around 60-70% of its original retail price, especially if kept in good condition.
1-2 Years Old
After one to two years, expect the resale value to drop to approximately 40-50%. Market demand for older models begins to decline, but well-maintained devices still command good prices.
Beyond Two Years
When the device is over two years old, resale value often falls below 30% of the original price. The introduction of newer models makes older devices less appealing.
Estimating Your iPhone 7 Plus’s Resale Value
To estimate your device’s current value, consider its age, condition, and current market prices. Online marketplaces and trade-in programs can provide real-time estimates.
Check Marketplaces
- eBay
- Swappa
- Gazelle
Use Trade-In Tools
Many retailers and Apple itself offer trade-in programs that provide instant estimates based on your device’s condition and age.
Tips to Maximize Resale Value
- Keep the device in good condition with minimal scratches.
- Reset all settings and erase personal data before selling.
- Include original accessories and packaging if possible.
- Advertise on multiple platforms for better exposure.
By understanding how age affects value and maintaining your device well, you can ensure you get the best possible resale price for your iPhone 7 Plus 128GB.