iPhone owners urged to 'sell phones' before September 6 or lose £79

iPhone owners have been urged to sell their phones before the new model is launched - or risk losing hundreds. Apple has revealed that it will unveil the long-awaited iPhone 16, alongside two other rumoured products, on September 9.

Apple's launch event dubbed "It's Glowtime" is scheduled for September 9. Steven Knight at SellCell has urged consumers that they will miss out on hundreds if they delay the sale of their smartphone and iPhone by just a few days.

In a recent blog post, Knight warned: "The value of iPhones tends to drop significantly in the days immediately after Apple announces a new model. Sell your old iPhone before Sept 6th or risk losing out on hundreds of dollars to put towards a new iPhone 16."

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He added that September 6 - or 14 days prior to the release of the iPhone 16 - is the "sweet spot" for trading your old iPhone in. In 2023 an iPhone 13 or 14-series had lost as much as $872, £662, of its MSRP (almost 55 per cent) by iPhone 15 release day on September 22.

Trading your iPhone in 14 days prior to the release of the iPhone 16 or by September 6 is the wisest time to do so in order to get the most money for your phone and retain your handset until release day. "To avoid being without a phone before the iPhone 16’s release, consider locking in a trade-in price that’s valid for 30 days," Knight recommended. "This allows you to keep using your current iPhone until the new model arrives.

"With a week left until the iPhone 16 launch, securing a 30-day price lock ensures you have a few extra days after the launch to receive your new phone and send back your old one, all while guaranteeing you get the highest trade-in value."

He added: "September 6th, or 14 days prior to the release of the iPhone 16, is the sweet spot for trading your old iPhone in, or you risk losing hundreds of dollars; up to $104," which is equal to £79.