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The iPhone 7 Plus, released in 2016, remains a popular device among users who prefer a smaller, yet powerful smartphone. Its resale value varies significantly depending on its condition, storage capacity, and market demand. Understanding what to expect can help sellers maximize their returns and buyers make informed decisions.
Factors Affecting Resale Value
Several factors influence the resale value of an iPhone 7 Plus. These include the device’s physical condition, battery health, storage capacity, whether it is unlocked or carrier-locked, and the current market demand. Typically, devices in better condition fetch higher prices.
Resale Value in Different Conditions
Excellent Condition
In excellent condition, with no scratches, dents, and a fully functional battery, the iPhone 7 Plus can command the highest resale prices. Expect to sell it for approximately 50-60% of its original retail price, which was around $869 for the 128GB model.
Good Condition
Devices with minor scratches or dents, but still fully functional, typically sell for about 40-50% of the original retail price. Battery health also impacts this; batteries with less than 80% capacity may reduce the value.
Fair Condition
If the device has visible damage, such as screen cracks or significant dents, and battery issues, the resale value drops to around 30-40%. Buyers may also negotiate lower prices if the device shows signs of wear or functional problems.
Poor Condition
In poor condition, with major damage, non-functional components, or severe battery issues, the resale value can fall below 30%. Often, such devices are sold for parts or repair projects rather than as fully functional smartphones.
Market Trends and Tips
The resale market for the iPhone 7 Plus remains active, especially in regions where newer models are less affordable. To maximize resale value, ensure the device is clean, reset to factory settings, and include original accessories if possible.
Timing also matters; selling before new models are announced or released can fetch better prices. Additionally, compare prices across platforms like eBay, Swappa, and local marketplaces to find the best deal.
Conclusion
The resale value of the iPhone 7 Plus varies widely based on condition, with excellent devices fetching the highest prices. Understanding these factors can help sellers price their devices accurately and get the best return. Buyers should look for devices in good condition and verify battery health to ensure long-term satisfaction.