iPhone 5s are breaking sales records around the globe, and Apple is pretty much selling them as fast as they can make them. But UK gadget companies like Money4Machines report a steady market for second-hand handsets and brands new older models, too.
Recycling and trading in gadgets like mobile phones is something that’s really seen a boost in popularity over the past few years. In the beginning folks were selling their old Nokia 3210 for £5, but these days you can sell mobile phones, especially smartphones, at great rates.
The iPhone smartphone range is one of the top performing smartphone product lines on the planet, and there are plenty of folks who would be happy just to get their hands on an iPhone 4.
“When folks arrive at our website and say ‘I want to sell my phone, its an iPhone’, we know we’re going to be able to offer them a great rate, even if it’s an iPhone 3G or another older model. We buy loads of second-hand Apple products, and pretty much all of them command very favourable rates for the seller.”
So, what happens to your old iPhone? A Money4Machines spokesperson said,
“Every gadget company is different. Some prefer older phones that can be stripped for their raw materials, others like mid-range phones that can be sent on to growing markets in developing economies like parts of Africa and India. High-end handsets like the iPhone aren’t usually stripped, but tend to be traded within the EU so folks who couldn’t afford the new handset can access a healthy, properly managed second-hand market.”