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When Do Smartphone Prices Drop?

By November 7, 2019 No Comments

Having the latest smartphone model sounds nice in theory. Then, you start to realize that buying a new phone can be a more expensive undertaking than purchasing a decent laptop at your department store. Brand new smartphone models can reach heights of $1,000 or more, and if you’re on a budget, this option may be less than ideal.

Fortunately, there are other ways to buy the new phone you want, as long as you’re patient and wait for the right moment. If you’re wondering when the best smartphone deals are, this guide will help you determine how to find the most affordable options.

Look at Price Trends

Apple releases a new iPhone model about once a year, whereas various Android models tend to come out even faster. Once you start to understand smartphone company patterns, you’ll find that price drops are usually easy to predict.

If you take a look at Apple’s habits, for instance, you’ll notice that they typically release their latest iOS model each year. When a new phone comes out, they lower the prices of their older models by about $100. When the iPhone 8 hit the market back in 2017, for instance, the lowest price for a 64GB version of the device was $699, while the release of the iPhone XS in 2018 reduced the iPhone 8 cost to $599.

Following this pattern means that you would need to wait a year or almost a year to purchase your desired model at a significant discount. However, it will save you money while allowing you to get more use out of your older device. Alternatively, you can pick up a used iPhone from an online store like our eBay store to save even more money on newer iPhone models.

Android devices also tend to drop predictably. For example, new smartphones from Samsung’s Galaxy series come out often and tend to drop in price by 30% or more within two or three months after release. With one of these models, you can buy the phone you want at a more affordable price if you’re willing to wait just a few extra months.

When Can You Find Smartphone Sales?

In addition to price drops thanks to the release of newer models, there are other times when you may be able to catch sales and discounts on high-quality devices. These times include:

  • When companies are competing: Around the time that a major smartphone manufacturer releases a new model, other manufacturers may adjust their marketing strategy by offering sales on their own models. So if Apple has just released a brand new iPhone, check the market for sales on devices made by companies such as Google or Samsung to see if you can get a better deal.
  • When upcoming devices go on pre-order: If you know you’re looking forward to a specific device, signing up to pre-order as early as possible can work to your advantage. By pre-ordering a phone, you may gain access to impressive discounts that you would miss out on if you waited until after release to order.
  • When you buy a used or refurbished device: Purchasing a refurbished phone is different from investing in a new one — but if you’re looking for smartphone price drops, this is one of the most affordable ways to go. While a smartphone decreases in value as soon as it leaves the package for the first time, a refurbished phone can function just as well as a new one for a fraction of the cost.
  • Black Friday Sales: The one time of year when almost everything is on sale. This shopping holiday starts immediately after thanksgiving and rolls into the following week with Cyber Monday. You can find deals on almost any phone brand at retail stores and online during this time. As an added bonus, many of these sale prices that begin on Black Friday weekend will continue through the holidays and into the new year.

Take Advantage of Price Drops

Smartphone prices continue to increase as storage space grows and hardware and operating systems strengthen, but there are still plenty of affordable ways to buy a high-grade device. Taking advantage of these patterns will help you get the deal you want on a device you’ll love.

If you’re interested in saving on the latest iOS and Android devices, check out The Whiz Cells eBay Store to browse our used and refurbished smartphones. Reach out to The Whiz Cells today for information on the devices we’re buying and selling!