When it comes to unveiling new iPhones, Apple has been consistent so far. Each September, the Cupertino-based company introduces another iPhone generation, creating a disruption in the pricing of older-generation models. We all want to be smart when shopping and avoid having to pay more than absolutely needed, right? With that said, you probably wonder how much do iPhone prices drop when a new one comes out?
Well, there’s no easy way to answer that question. However, you can expect to save anywhere from $100 to $250 on previous iPhone generations once the latest generation becomes widely available. Keep on reading to learn more.
The next iPhone generation is just around the corner, as Apple’s 'California Streaming' event will take place on September 14, 2021. If you’re on the market for a new iPhone (regardless of its price), here’s whether you should wait for the iPhone 13 or buy the iPhone 12.
What’s the Current Pricing Situation (in 2021)? Has the Price of Older-Gen iPhone Dropped?
Before we give our estimations for what might happen in the future, it's crucial to check the current situation. So, here are the current prices of various iPhone generations that Apple sells right now.
|Product Name||Current Price||Original Price||Price Reduction (2021)|
|iPhone 12 Pro Max||$1,099.00||$1,099.00||(none)|
|iPhone 12 Pro||$999.00||$999.00||(none)|
|iPhone 12 Mini||$699.00||$699.00||(none)|
The table above shows the prices of the currently available iPhones (via Apple's site), including the current and the original (introductory) prices. With that said, here are our conclusions:
- iPhone 12 Lineup: This is the latest iPhone generation, at least until the iPhone 13 comes out. With that said, there are no price reductions at the moment.
- iPhone 11: The iPhone 11 was priced starting at $699.00 upon its introduction. However, once the iPhone 12 lineup came out, the device's price went down by $100.00.
- iPhone XR: Here, we have the iPhone XR, released in 2018 and initially priced at $749.00. Right now, you can buy it for $499.00, which means that its price has dropped by $250.00.
- iPhone SE: And lastly, the iPhone SE was introduced alongside the iPhone 11 lineup, and it’s still being sold at $399.00, without any changes to its pricing.
If you’re looking for the lowest possible price, you can also check Apple’s 'Certified Refurbished' store, where you can save up to $250.00 on select (newer) iPhone models.
The Bottom Line – You Can Save Money by Not Buying an iPhone in September!
If you want to spend your money wisely, it’s clear that you shouldn’t buy an iPhone in September (of any year), as that’s when the newest generation comes out, making the price of the older generation drop by at least $100.00 (and up to $250.00 for two-generations-old iPhones).
You now know how much iPhone prices drop when a new one comes out. So, are you willing to wait until iPhone 13 comes out? Or perhaps you're happy with the current price reductions? Let us know in the comments section below.