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| Written by Jono Cono The Apple iPhone 3G has an amazingly high resale value. I recently became aware of this when someone I know asked me if I could sell a couple of 16GB Apple iPhone 3G’s for them. The iPhone 3G’s I was given to sell weren’t in the best condition but still sold for over $300 Canadian.
The successful sales coincided with the release of the iPhone 3GS and gave me an idea. At the time my fiance had the 8GB black iPhone 3G, it was in decent condition but had a scratch on the screen and scuffs on the back. We were still able to sell it for $300 cash. I had a 16GB black iPhone 3G which was in perfect condition, no scratches or scuffs and we sold that for $400 cash. We sold both iPhones with their original accessories and boxes. What I find funny is that we sold those 2 iPhones for $100 more then what we paid for them brand new. They were both a year old when we sold them.
Having sold both of our iPhone 3G’s we upgraded to two new 16GB iPhone 3GS for only $199 each. If the resale value holds steady generation after generation we should be able to sell our existing iPhones for double what we paid for them once it’s time to upgrade to the next model.
It’s amazing what people will pay for a used iPhone. I think it’s pretty safe to say that the Apple iPhone probably has the highest resale value of any mobile/smart phone on the market.
