https://wccftech.com/iphone-value-30-percent-decrease/

Apple has now confirmed that it will hold an event on September 10 at the Steve Jobs Theater and that’s when the iPhone 11 range will be announced, just to bring you up to speed. However, the launch of the newer models could have an adverse effect on the older ones. According to the Phone Depreciation Report released by the trade-in website MusicMagie, your current iPhone’s value can fall as much as 30 percent when the new models are revealed.

According to the trade-in data compiled and analyzed by the website, although newer smartphones are becoming expensive, they are also losing their value much quicker as compared to the past. For instance, both iPhone XS and iPhone X were launched at a price of $999, within a period of six months, the trade-in value of the iPhone X dropped by 39 percent to nearly $735 and the value of the iPhone XS depreciated by 60 percent to $487.