Initial Launch and First Price

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The iPhone 8 128GB, launched by Apple in September 2017, has experienced significant price depreciation over the years. Understanding this timeline can help consumers and collectors make informed decisions about purchasing or selling this iconic device.

Initial Launch and First Price

At its launch, the iPhone 8 128GB was priced at approximately $699 in the United States. Apple positioned it as a premium device with advanced features, including a glass back, wireless charging, and a powerful A11 Bionic chip.

First Year of Depreciation (2017-2018)

During its first year, the resale value of the iPhone 8 128GB dropped by about 20-25%. Factors contributing to this depreciation included new iPhone models announced in September 2018 and the natural decline in value for used smartphones.

Depreciation Timeline in 2018

  • October 2018: Price drops to around $525-$550 on the secondary market.
  • November 2018: Apple officially reduced the price of the iPhone 8 in stores, further lowering the resale value.

Second Year and Market Saturation (2019)

By 2019, the depreciation accelerated as newer iPhone models, such as the iPhone X and iPhone 11, entered the market. The resale value of the iPhone 8 128GB decreased by an additional 30% from its 2018 value, reaching approximately $350-$400.

Factors Influencing Depreciation in 2019

  • Introduction of newer models with improved features.
  • Market saturation of used iPhones.
  • End of official support and software updates.

Depreciation in 2020-2021

The COVID-19 pandemic and global economic uncertainties further impacted the resale market. The iPhone 8 128GB’s value declined to around $250-$300 by 2021, roughly a 55-65% depreciation from its original retail price.

Impact of Newer Models and Tech Advances

  • Introduction of iPhone 12 and iPhone 13 series.
  • Shift towards newer models with 5G connectivity.
  • Decreased demand for older models like the iPhone 8.

Current Market and Future Outlook (2023)

As of 2023, the iPhone 8 128GB is considered a budget-friendly option for those seeking an Apple device at a lower cost. The current resale value hovers around $150-$200, reflecting approximately a 75-80% depreciation from its original price. Future depreciation is expected to plateau as newer models dominate the market.

Factors Affecting Future Prices

  • Longevity of software support.
  • Apple’s release cycle and product updates.
  • Consumer demand for budget iPhones.

Understanding this depreciation timeline can help buyers and sellers strategize better, whether investing in used devices or planning upgrades.