Anyone who upgrades from the iPhone X to the iPhone Xs will ‘lose’ $320
It's very nearly time for Apple to announce its 2018 iPhones, which means that it's also time for the early adopters among us to check our credit card balance. Upgrading every year isn't as bad of a financial idea as it might sound -- actually, I've argued in the past that it can cost the same as upgrading every three years -- but even if you've done everything right, the moment of reconing (and accepting the reality of depreciation) is when you sell your old phone and buy a new one.
According to a new study from Music Magpie, an electronics reseller in the UK, the iPhone X has depreciated roughly 32% since it was released. Given the phone's $999 asking price, that means a year of ownership will cost you $320. That might sound like a lot, but it's actually a remarkable achievement for the iPhone X, and shows that the depreciation isn't as bad as we might have imagined.
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Anyone who upgrades from the iPhone X to the iPhone Xs will ‘lose’ $320 originally appeared on BGR.com on Thu, 6 Sep 2018 at 18:33:29 EDT. Please see our terms for use of feeds.