With the new iPad Pro 11 being released soon, tech buy-back sites reveal that iPad depreciation is significant. They have found that within just a year, Apple’s iPads can lose as much as 60% of their original price.
“With the new iPad Pro 11 announced at Apple’s hardware event, it is really interesting to look at these depreciation figures in depth,” said Liam Howley, CMO for Decluttr, a tech buy-back site.
It’s worth noting that the new iPad Pro 12.9 WiFi model with 256GB has only lost 53% of its value in 12 months. Compare that to the 4G version, which had lost 60% within the same period.
“After today’s announcement, and so far with the positive response that the new iPad Pro has had, we expect trade-ins of the older versions to increase dramatically as consumers are looking to upgrade,” Liam continues. “The best time to trade-in a device is before the new one is available to purchase as consumers can get between 25% to 30% more for their device, so this week and next will be crucial for those who are wanting to get the best price for their old iPads.”
Making more for your device on the cusp of the latest generation being released is a common theme with Apple products.
Much like the iPad, the iPhone is worth more in the weeks leading up to the mainstay September Keynote, than it is after the latest generation device has been unveiled.
Earlier this year, Decluttr found that the newer generation of iPhones – such as the iPhone 8 and the iPhone X – were depreciating at a much slower rate than their predecessors.
In the space of a year, the iPhone X was able to hold on to more than 60% of its value, which was the slowest depreciating iPhone ever launched, prior to the iPhone Xs, iPhone Xs Max and iPhone XR being announced in Cupertino this September.
For those who are looking to trade-in their Apple iPads, customers can expect to get up to $420 for a device in good condition.
This would mean that the cost of buying a new iPad Pro 11 -inch model, which is expected to retail at $799, would be reduced to just $379.
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