Initial Release and First Year (2016-2017)

by

When investing in a smartphone, many users wonder about its resale value over time. The iPhone 7 32GB, released in September 2016, has been a popular model. This article provides a year-by-year breakdown of its value retention to help you understand its depreciation pattern.

Initial Release and First Year (2016-2017)

At launch, the iPhone 7 32GB had a retail price of approximately $649. In the first year, its value typically depreciated by about 20-30%. By the end of 2017, the resale value was around $450 to $500, depending on condition and whether it was unlocked or carrier-specific.

Second Year (2018)

During its second year, the iPhone 7 32GB continued to depreciate, losing roughly 15-20% of its value. By the end of 2018, the resale price generally ranged between $350 and $400. The release of newer models like the iPhone X and XR influenced the depreciation rate.

Third Year (2019)

In the third year, depreciation slowed slightly, but the value still declined by about 10-15%. By late 2019, the resale value was typically around $250 to $300. The phone was considered somewhat outdated but still functional for everyday use.

Fourth Year (2020)

By the fourth year, the iPhone 7 32GB was nearing the end of its typical lifecycle for resale. Its value often dropped below $200, with some listings around $150 to $180. The advent of the iPhone 11 and 12 models further impacted its resale appeal.

Fifth Year and Beyond (2021 and later)

After five years, the iPhone 7 32GB is generally considered a low-value device. Resale prices tend to be below $150, often around $100 or less. Factors such as device condition, battery health, and market demand influence these prices.

Tips for Maximizing Resale Value

  • Keep the device in good condition with minimal scratches.
  • Replace the battery if it has degraded significantly.
  • Remove all personal data and perform a factory reset.
  • Include original accessories and packaging if available.
  • Sell before newer iPhone models are released to maximize value.

Understanding the depreciation pattern of the iPhone 7 32GB can help you decide the best time to sell or upgrade. While it retains some value for a few years, its worth diminishes as newer models become available. Planning your upgrade cycle accordingly can maximize your resale returns.