The iPhone has one of the best resale values of all smartphones. You get more money if you sell it yourself and skip the trade-ins. To prepare your iPhone, choose a price, and complete the sale.
Before You Begin, Make a Backup
If you are selling your old iPhone to buy a new one (instead of switching to an Android device)), be the first to back up. That way, you can transfer the backup along with all your personal information, apps, and other information to your new device.
The best way to back up your iPhone is to use iTunes on a Mac or PC. You can also back up with iCloud. However, this can take a long time if you have not already done so, and the recovery process takes much longer. iCloud backups are limited by the speed of your Internet, so the backup and recovery process can take hours or even days.
Windows users can download iTunes from the Apple website.
- Launch iTunes and connect your iPhone to your Mac or PC Using a lightning cable.
- Wait for the device icon to appear in the upper left corner (screenshot below), click on it and select your iPhone.
- On the Summary tab, click Save Now, and wait for the backup to complete.
Enable Encrypt iPhone Backup to save sensitive data such as passwords, Wi-Fi network credentials, health information, and HomeKit data. You will need to create a password for this. You will also need this password to restore the backup to your new iPhone at a later time. We recommend using a password manager to save it for you.
. When you're ready to restore this backup to your new iPhone, do the following:
- Power on your new one Follow the installation instructions to turn on the device.
- When prompted, select "Restore from iTunes Backup" and connect your iPhone to the same Mac or PC on which you backed up your old iPhone.
- Click Click the device icon in the upper left corner, and then select your new iPhone.
- On the Summary tab, click Restore Backup, and then select the backup you created earlier. Enter your password if you want to encrypt your backup and wait for the process to complete.
Creating an iCloud Backup
If you back up your iPhone to the cloud, you can restore it from iCloud at any time when prompted. However, restoring iCloud takes much longer than restoring from a Mac or PC.
If you still want to back up with iCloud:
- Start the settings and tap on the top of your name
- Scroll down, find your device (it will be referred to as "This iPhone") and tap thereon.
- Tap iCloud Backup, turn it on, and then tap Back Up Now. "
Wait for the backup to complete. This may take some time (possibly days) depending on your internet connection. You may also need to purchase additional iCloud storage because you only get 5GB for free. You can restore this backup by selecting "Restore from iCloud" when setting up your new device.
Switch to Android?
If you switch to Android, you can not restore an iTunes backup to your device new device. iTunes is for use with Apple devices only, and Android is a completely different operating system. Fortunately, you can still transfer much of your data to your new device.
Download Google Drive on your old iPhone first. Launch the app and sign in with a Google Account (or create a Google Account). From here, tap the Menu icon, then select Settings> Save. Check your settings and then tap "Start Backup" to start the process. Make sure you are connected to Wi-Fi and your device is connected to a power source.
Sign in to your Google Account on your new Android device and your data should be automatically downloaded. For more information, visit the Switch to Android homepage. Remember that not all devices behave the same way. Third-party data, such as notes stored in Evernote or your Spotify library, is stored in the cloud and should be downloaded automatically when you log in to the service.
Make a note of all apps and services before you say goodbye to your iPhone. The quickest way to do that is to take multiple screenshots of your Home screen and App folders. You can then use this as a reference for the download when you receive your new device. You can find more tips and tricks for switching to Android here.
Prepare Your iPhone Resale
You want to sell or trade your iPhone with all your data last. If you are showing the phone to a potential buyer, you want it to be in a "mint" condition. If someone tests the device before you buy it (and you should be ready to allow it), it should be in the condition you received it.
To accomplish this, you need to restore the phone to factory settings. Deactivate "Search my iPhone" beforehand because the activation lock is activated. The activation lock binds your device to your Apple ID. This means that anyone who gets their old iPhone in their hands can not activate or use it without entering their Apple ID password.
Disable Find My iPhone and Activation Lock:
- Start Settings and tap your name at the top of the list.
- Scroll down to your device. It will display the iPhone model and then "This iPhone". Touch it.
- Tap Find My iPhone and tap to turn this feature off.
- Enter your password when prompted.
Now you can reset your device to factory defaults. This erases everything on your iPhone and restores the state "as new". So only do so if you're sure you do not need to recover anything else from the iPhone:
- Go to Settings> General.
- Scroll down to the menu and tap Reset.
- Tap "Clear all content and settings," then tap "Delete Now."
- Confirm all recent warnings and then wipe your iPhone clean.
The screen turns black and the Apple logo appears while your iPhone is erased. After the reboot, a white screen labeled "Welcome" should appear, prompting you to set up the iPhone as a new device.
Press and hold the standby button (iPhone 8 or earlier) or press and hold the standby button / wake up and volume buttons (iPhone X or higher) to turn off the iPhone.
How much is your old iPhone worth?
Before you can sell your iPhone, you need to find out how much it's worth. The value depends on whether you sell or exchange your iPhone directly. To get some numbers, you can use some services.
One of the best tools for this job is eBay. When looking for items sold, the final auction price gives you a realistic idea of how much people are willing to spend. To do this, go to eBay's advanced search tool. Use descriptive keywords such as "iPhone X 64 GB" in the main search box. Make sure "Sold Offers" is selected under "Include Search" and select "Used" under "Condition" for second-hand sales. You may want to select the "Located in" checkbox and also specify your region. 
When you run your search, a list of completed auctions will appear showing the item was sold. These are the prices that other eBay users are willing to pay for the item. If you find a few auctions that match your device model, capacity, and condition, you'll get an idea of the price you can expect.
There are other services where you can sell used items, but these are often speculative. Some of the ones you might want to try are: Gazelle, Swappa and Decluttr. These websites are ideal if you want to sell your phone instantly at a predefined price. However, as these services do a great deal of your work, you lose part of the resale value.
Gazelle offers you the opportunity to sell your phone at a set price once you provide some details such as the model and its condition. Then send your phone to Gazelle, and the phone will be checked and then paid. At the time of this letter, Gazelle offered us $ 416 for a 64GB iPhone X in good condition with no scratches. By comparison, the same model can earn over $ 600 on eBay.
Should you trade or sell your iPhone?
You get more money for your old phone, if you sell it instead of exchanging it, you can sell it on eBay, Craigslist, Amazon, or any of the above services. If you sell directly to a buyer, you will receive the market price less any fees.
For best results, display your article well. Describe any scratches, dents or other defects in the item description. Tell potential salespeople how long you have had the device and why you are selling it. Do not forget to list the supplied accessories such as charging cables, earphones or even the original packaging, as this can all promote the sale. Take as many well-lit pictures as possible and give details of any damage or problem areas. Also, consider the details of applicable warranty or AppleCare coverage.
Trade-in services offer you less, but you get the money almost immediately. Apple runs its own Apple Trade-In service, which reimburses you for the Apple Store credit you get for a new iPhone, a new Mac, or anything sold in the company's retail stores (online and offline). Despite the offer of credits, Apple's rating is still very low compared to finding a buyer. For an iPhone X 64 GB in good condition, we received $ 400 in prize money – around $ 200 less than the average resale value.
Mobile service providers such as Verizon and AT & T, will buy your iPhone from you. Retailers like Best Buy and Gamestop also offer an immediate payout at a reduced price.
Trading in your device may be the best option if your device has suffered significant damage. If the screen is broken, the charging port is loose, or the speakers are not working properly, the resale value of the phone will decrease. In this case, you should exchange your device for credit or sell it directly to a company that recycles devices such as ecoATM or Wirefly.
Considerations for Your Next iPhone
If you intend to resell your iPhone in a few years To fund another upgrade, you should immediately buy a solid protective case and screen protector.
If you stay with Apple, it's a snap to transfer your data, assuming your new phone has enough free space. If you have a very large photo library or many music files, make sure your new device has at least the same capacity as your old one. If you're tired of seeing the Low Space pop-up window, consider increasing your capacity this time.
One way to work around this issue is to invest in iCloud storage and enable iCloud Photo Library. This allows you to store smaller, compressed images on your device while the full versions are stored in the cloud. You can download full-size images whenever you need them, provided you have an internet connection.
You may also need new accessories for your new iPhone if the design is significantly different from your latest model. Since new iPhones have no headphone jack, you may want to invest in some wireless AirPods. Also, your old case may not be compatible with your new iPhone. A wireless charging pad is therefore a good idea, since all devices after the iPhone 8 now support the charging of Qi.
Finally, you may want to remove an AppleCare + cover on your new iPhone. Learn more about AppleCare + and how it works.
The markets covered here are not just for iPhones. You can also sell your old Android phone, iPad or laptop.