You’ve been comparing your used phone options, and you’re pretty sure that the iPhone 8 or 8 Plus is the one you are going to settle on.
And, if you’re looking to get the best deal on your used iPhone 8, you’re probably wondering when the iPhone 8 price will drop.
At Glyde, we offer some of the best discount prices on premium used iPhones. We base our prices on a myriad of different factors to ensure you get the best value for your purchase.
In this guide, we will explain when you can expect the next drop in iPhone prices, as well as some of the best deals on the iPhone 8 you can find now. We’ll also go over what affects the price of Apple phones, and what you can expect going forward in 2020 and beyond!
How Much Does the iPhone 8 Cost?
Let’s look at how much the iPhone 8 currently costs on our site. Then we’ll talk a bit more about why price matters and what features you should look for when comparing prices.
iPhone 8 (64GB)
iPhone 8 Plus (64GB)
What Affects iPhone 8 Prices?
So what influences the value of the iPhone 8 – and will we be seeing the iPhone 8 price drop any further in 2020?
1. Condition: How Nice is the iPhone You Are Browsing?
The condition of the phone affects the price first and foremost. If you’re looking at an iPhone 8 that is good quality and well taken care of, it’s going to cost more than it used phone that was regularly dropped, cracked, and chipped.
At Glyde, only 1 out of 10 used phones pass our functional tests to be sold on our marketplace. Each one passes 30+ functional tests and gets a comprehensive cosmetic inspection. Even then, our used phones are backed by a 14-day money-back guarantee and a 2 month warranty.
2. New iPhone Drops: A Driving Factor To Drop Used iPhone Prices
When new iPhones are released in the fall, prices for used iPhones begin to drop as people begin trading in their phones for new models. Usually, this causes prices to drop for older iPhone models about 10-20% initially, and depending on supply and demand, they continue to fall into the new year. Prices stabilize by early spring, until the next iPhone launch when the cycle repeats.
The iPhone 8 was initially released in 2017 and is no longer sold by Apple, which means that the usual “wait until the fall” adage isn’t very useful. Because the phone has been out for so long, prices have mostly stabilized.
3. Guaranteed Quality: Can You Trust Your Used Phone?
Price is influenced by the quality of the reseller you choose. When you get a used phone that you can trust, one that comes with guaranteed quality, it might have a slightly higher price tag than one from a shady reseller, but it’s well worth the quality that you get.
Sure, you are looking for discounts, but you also want to be sensible when it comes to purchasing a used iPhone, and look for resellers who are reputable and trustworthy. A $50 iPhone X might be a bit too good to be true, and chances are if you are looking for discounts that are too steep, you will run into untrustworthy resellers who waste your time and money.
Disclaimer: There is Such a Thing as Too Good to Be True
When it comes to buying used iPhones, be careful when trying to save too much money. Some things can go wrong when the prices are too cheap. Cheap prices really bring home the old adage that you get what you pay for. If something seems too good to be true, it probably is, and there might be internal damage or external damage to the phone.
Over the years, we have heard horror stories of people trading in their old iPhone to upgrade to a used one, but ended up with:
- Broken phones
- No connection
- Locked phones
- Wrong product
- No customer support
- The list goes on…
A lot of shady resellers purchase up old phones that are still under contract or that are considered “locked phones”, meaning they won’t work on any network until the contract is bought out. This makes them virtually useless to you, and it can often be difficult to get your money back from some of those companies.
On the Glyde Marketplace, you won’t have to worry about these shady resellers or unscrupulous buyers. Our phone listing process requires sellers to go through a rigorous diagnostics check – and they don’t receive your money until you run that same diagnostics check to make sure everything lines up!
Will the iPhone 8 Price Drop in 2020?: Our iPhone 8 Price Drop Prediction
Because prices have mostly stabilized, now is a great time iPhone 8 or iPhone 8 Plus model because of the time of year. You shouldn’t expect another significant price drop in the fall, because the iPhone 8 is an older phone and supply continues to get more scarce.
When Will the iPhone 8 Plus Price Drop?: Our iPhone 8 Plus Price Drop Prediction
Prices for the iPhone 8 Plus have already dropped from $549.99 to $359.99 and will likely be stable over the next 6 months, for the remainder of 2020.