The iPhone 12 release is right around the corner, so you know what that means: there’s about to be a steadily growing pile of suddenly-available iPhone 11s.

So, the question is natural: How will the iPhone 11 prices be affected this year? We’ll start out with the simple answer: Being that it’s the most recent iPhone, the iPhone 11 should see a significant price drop, in both new and used markets, this year.

It’s no longer the newest phone on the market, which means it won’t sell for as much – even though it’s still an excellent phone. If you’re thinking about purchasing one or checking the latest prices, take a look on our marketplace here.

Now, let’s dive into some more details about the price of the iPhone 11 and how it’ll be affected in 2020.

How Much Does the iPhone 11 Cost?

When it first hit the market in September 2019, the iPhone 11 retailed for $699. In contrast, the iPhone 11 Pro retailed for $999, while the Pro Max went for just $100 more at $1,099. With the release of the iPhone 12 right around the corner, Apple has been heavily promoting trade-in deals that can get you a discount of up to $350. If you’re trading in the Pro, these discounts could go even higher, with some even topping $1,000.

The original iPhone 11 retail price was $50 lower than the iPhone XR, but fierce competition from the likes of Samsung and Google have ramped up discounts for the iPhone 11 even more. In short, the iPhone 11 price is lower than ever – great news if you’re in the market for a used phone!

When Will the iPhone 11 Price Drop?

iPhone 12 prices were first leaked by tech analyst John Prosser back in May. If his estimates are correct, then the iPhone 11 will only be $100 cheaper than the 12. Moreover, Apple also revealed that they would be discontinuing XR and 11 Pro models as well, making more room for both the iPhone 11 and much-anticipated iPhone 12.

After a new iPhone launches, prices for older models typically plummet. They may sink even lower in November and December, after people have had a couple months to test out the latest iPhone and see what bugs or hardware problems it has.

To put it simply: The iPhone 11 price will be dropping on both new and used markets this year, likely between 15-25%. It’ll no longer be the newest phone on the market, which will help to drop prices significantly.

Is the iPhone 11 Still Worth It?

We’d like to think so. Even with Apple’s latest hardware updates, many iPhone 11 users are more than happy to continue using this model. It’s still got some of the best handsets of any smartphone on the market, featuring 90Hz display refresh rates. These display refresh rates bump up to 120Hz for the iPhone 11 Pro.

And how about the cameras? We touched on those earlier, but there are a few other features we’d like to mention. In addition to Night Mode capabilities, the iPhone 11 also features Deep Fusion technology, or camera technology that combines several photos to create a single composite photo. These images are highly detailed, in no small part because of the A13 Bionic chip’s Neural Engine. Think of this Neural Engine as a sort of AI technology that chooses the best features from each photo and subsequently combines them to form this detailed composite image.

Both the iPhone 11 and iPhone Pro also come outfitted with USB-C ports, the newest USB port on the block. All of Apple’s newer MacBook models feature USB-C ports as well, so you won’t have any problems connecting your phone to your computer.

The iPhone 11 is still a standout choice compared to other phones on the market. Even as other companies continue to release more sophisticated handsets, the iPhone 11’s is still pretty strong. Its camera features and OLED display make it hard to beat in terms of crisp visuals, and the upcoming release of the iPhone 12 means it’ll be in for some pretty serious price drops over the coming months.

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