The iPhone celebrates its 5th birthday this week. At SellYourCell.com, we have bought used iPhones since they were first released and we are currently paying up to $355 for a used iPhone.
Strategy Analytics estimates that Apple has sold over 250 million iPhones and generated sales of $150 billion from iPhone sales! That is a good reason for Apple to celebrate. The iPhone was not the first smart phone but it is the first consumer targeted smart phone to really take off and is really responsible for subsequent explosion of smart phone sales.
The iPhone retains its value more than any other phone according to data by Priceonomics. An iPhone retains 53% of its value after 18 months compared to 42% for Android phones and 41% for Blackberry phones according to Priceonomics. SellYourCell.com is currently paying $285 – $355 for a used iPhone 4S which is probably MORE than it was purchased for new under a two year contract. Note that these prices will go down over time.
Happy 5th birthday iPhone, we can’t wait to see the iPhone 5!.