Knowing the value of your iPhone can be handy for several reasons. For instance, if you choose to resell or trade it in, you’d want to know exactly what your iPhone is currently worth on the market. This knowledge will give you a reasonable cashback for your smartphone. At the same time, if your iPhone still holds its value before the new series is announced, you can decide that now is the right time to sell.
In this blog post, we’ll explore everything you need to know to determine your iPhone’s trade-in value. From factors like the condition of the device to all the available trade-in and sale options you have, we will not leave anything out. Towards the end of this guide, we’ll also analyze the trade-in value of most iPhone models as of early 2023.
If you’re wondering, “how much is my iPhone worth” this article was specifically created to answer exactly that!
iPhone Trade-in Value: Everything you Should Know
The truth is that the trade-in value of your iPhone depends on several factors. For example, an iPhone that is in near-perfect (mint) cosmetic condition is worth more than a device that’s in good or fair condition.
Another factor affecting your used iPhone’s value is the marketplace/portal where you want to sell or trade it. So, if you want to swap your old iPhone for a newer one, you’ll probably get a better upgrade deal from Apple. But if you prefer quick cash instead, look into online reselling.
With that in mind, let’s look at the three options you have that will influence the value of your iPhone.
Used iPhone Value: Your 3 Main Options
Apple Trade-In
You can trade in your old iPhone for Apple store credit via the Apple Trade In portal. In other words, you can use this service to save money when buying a new iPhone or any other Apple product. This is the only official trade-in service you can find.
But this option also comes with two certain disadvantages.
First, the amount you receive for the trade-in of your iPhone will not be paid in cash. Second, Apple only offers an upgrade credit for fully working devices that are mint or nearly mint.
How Much is My iPhone Worth on a BuyBack Marketplace? Selling Your Used Phone for Cash Online
The second option is to sell your used iPhone for cash using an online marketplace like Gadget Salvation. While the process is very similar to Apple Trade-in, here is the key difference: You receive cash instead of store credit. So if you want to switch brands or simply not looking for an upgrade credit now, online buyback is way better suited for you.
To sell your iPhone for cash, all you have to do is find the model you want to sell and share some information about its condition. Gadget Salvation will instantly calculate an offer based on those details. Online buyback sites like ours are the fastest and easiest option to find out what your iPhone is worth today and sell it at a reasonable price.
Let’s look at the resale process in more detail.
Third-Party Marketplaces
In many cases, online marketplaces allow you to buy AND sell your preowned electronics. So, if you’d like to upgrade from, say, an iPhone 11 to an iPhone 13, you can trade your used device and opt for a pre-owned version of the next model.
This is a smart choice to not only upgrade iPhones on a budget but also significantly reduce your carbon footprint.
iPhone Trade-in Value: Per Model
Now that we have identified all of the factors and options that can affect the iPhone trade-in value let’s have a look at the current price for specific Apple models:
How Much is a Used iPhone 14 Worth?
While it is still a bit too early to talk about the resale value of a used Apple iPhone 14, normally, the latest model has the highest price. Of course, the value also depends on which version of the iPhone 14 you own (14, 14 Plus, 14 Pro, 14 Pro Max). The more advanced the version, the higher cashback or store credit you get.
Remember that as of early 2023, you will not be able to trade in your iPhone 14 on Apple’s official marketplace. Why? Because currently, it is the latest model. With that in mind, a mint iPhone 14 is worth about $650.
How Much is My Used Apple iPhone 13 Worth?
iPhone 13 was easily one of the best smartphones ever created (to date). And that is why, two years after its initial release, it still holds a pretty high resale value. So, if you’d like to trade your iPhone 13 via the Apple Trade-In for credit, you should expect to get up to $400. Please note that the estimate was calculated assuming the phone is fully functional and in tip-top shape.
Conversely, if you don’t want to trade your iPhone for credit, or it is not perfect enough for Apple, you can always sell it for cash on GadgetSalvation.com. As long as it is not locked or damaged beyond repair, you can expect a very reasonable offer if your iPhone 13.
How Much is My iPhone 12 Worth Today?
You can trade in your iPhone 12 via the official Apple service for up to $300 store credit. Even though Apple recently lowered the values of its older iPhone models, this is still a reasonable offer for those who want to upgrade to the newest version.
Of course, this is the maximum amount you’ll get for an iPhone 12. This means your phone is in mint condition and comes with all its accessories (charger, etc.). Still, many people prefer to sell their used devices via other third-party portals. While the offer may not be much better, you get that amount in liquid cash.
How Much is iPhone 11 Worth Used?
An Apple iPhone 11 64GB is one of the most sold used iPhone models right now. Why? The answer is simple. More and more users choose to hold on to their gadgets instead of upgrading every single year the next best thing comes out. This is a very positive trend as it indicates that global society slowly shifts towards more conscious tech consumption. So now that the iPhone 11 is a four-year-old model, many owners feel the time has come to get a newer phone. But how much is the iPhone 11 worth today? Well, to answer that question, you’ll need to examine the condition of your device. Still, iPhone 11 is still a reliable smartphone that holds part of its initial value.
The Apple trade-in platform will offer up to $200 in credit for a used iPhone 11. However, if you want to sell your iPhone 11 online for cash instead, you can quickly get a price reference on Gadget Salvation.
How About Earlier Models Such as iPhone X, XS, or XR?
Usually, iPhones will keep a high trade-in value for around 3-4 years. That’s longer than a comparable Android model. Still, if you try to trade in an iPhone X for an Apple upgrade credit in 2023, chances are you won’t get more than $70-80. But given that older models are usually less than perfect, selling them for a salvage cash offer might be a better way to go.
Wrap Up
The question of how much my iPhone is worth is more than reasonable. It becomes evident that determining the exact trade-in value of your used iPhone can be challenging. It depends on the model and condition of the device, unlock status, the marketplace you choose, and more.
In any case, you can use Gadget Salvation’s search to get a quick estimate. This way, you can see what you can get in cash by selling your device online.
