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.
I was looking around Google for an old article on tax strategies and this five-year old video of myself happened to pop up.
I’m interviewing a tax expert about how real estate investors avoid paying taxesin perpetuity—AND how everyday citizens can do the same thing.
(Real estate—our TEMPLE I and TEMPLE II projects included—has a number of tax benefits savvy investors have capitalized on for years, including Opportunity Zone breaks and 10-year tax abatements.)
There’s the 1031 exchange, of course, which I’ve shared with you guys before.
Just to refresh your memory, the 1031 Exchange allows you to roll over gains from your last project into a new property TAX FREE—as long as said property is worth the same or more.
But there’s ANOTHER TAX LOOPHOLE that can take your portfolio to an entirely new level by splitting your capital gains into MULTIPLE properties.
PS: In our next update, I’m going to break down how real estate moguls get paid from their properties…tax free. 👀 PPS: If you want to learn how to implement generational wealth strategies like this one, you can join our NYCE wealth academy (TRIBE U) here.
If there’s anything the pandemic taught us, it’s that the paradigm of “office” and “workspace” has been shaken to its CORE.
Universities are teaching via Zoom, court dates are done virtually, FULLY REMOTE businesses are valued at $1B+, and legitimate Inc. 5000 startups are run from…wherever. 📲
This is my office for the day…
I am actually running our business from the beach, typing this from here.
It’s 4:28 pm CET, which means it’s 10:28 am EST and I am CRUSHING my to-do list.
(And the team will continue to crush it while I’m asleep. That’s the 🗝)
Having team members in all the main time zones gives us a 24-hour work cycle vs. 9-5/eight-hour on-the-clock performance.
This means we get 3x the productivity of a similar company. 🔥
Let me repeat that…3x PRODUCTIVITY vs. our competitors.
Meanwhile our project management software grants us 24-hour TEAM-WIDE connectivity that tracks all tasks and lets us know if productivity dips even a little bit.
There is ALWAYS someone senior awake. It could be Martin in Barcelona…Nat in New York…Vineet & Arif in New Delhi.
Well, the first step is to have an actual side hustle you’re launching. Not just an idea, a validated business.
MAJOR KEY: Do NOT spend money until you’ve made your FIRST DOLLAR! 🗝🗝🗝🗝
(You can catch a replay Business Launch masterclass here and see TRIBE member Nessa launched her business on the spot and got her first $45K client shortly after.)
One of the easiest ways to start is with Airbnb—you can start that in 10 minutes. Literally. (Here’s a guide if you need it.)
Once you have your business, you build a virtual infrastructure (you really just need two softwares, which are FREE), manage the team accordingly and run the business from there.
I’m gonna put together a step-by-step video breakdown this weekend inside the new TRIBE U on the FIVE key things you need to do this for YOURSELF. 💵 💎
From what software to use, how to build a team, how to keep.
In the meantime, drop a comment if you’re ready to build some wealth and any questions if you want more…
Let’s get to work. 🙌
PS: If you can’t be bothered with video and just wanna get to work, we’re hosting a TRIBE U workshopthat will help you get this process started on the spot. It’s $479 $49. 🔥
But what does it all really mean? How does it come together? In this week’s chart, our friends at CB Insights break down exactly how blockchain powers Bitcoin.
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