The iPhone X has set a new record by holding a massive 85% of its resale value when sold second-hand almost a year on from its release.
The news comes from liquidation specialist B-Stock (via 9to5Mac), who’ve said that even companies buying old handsets in bulk can expect to pay 75% of the original retail price.
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Of course, with the iPhone X only having gone on sale last September these second-hand devices can’t be more than 10 months old, but B-Stock claims that this resale price is higher than previous iPhones sold at this point in their product cycle.
There are a couple of reasons floated for why this is happening, including high demand in the US, and a unique form factor that makes customers unwilling to compromise.
This second explanation makes a certain amount of sense.
While some previous iPhone models have been more interchangeable (for example: why opt for an iPhone 8 when an iPhone 7 is so similar?), the iPhone X is more distinct. You won’t get its notched OLED display on any other Apple smartphone.
It’s not great news for deal-hunters who can often save a lot of money by opting for a second-hand handset rather than a brand new one, but if you can afford an iPhone X in the first place then being able to sell it after a year for almost the same price is a great deal.
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Resale values are unlikely to stay this high forever. If the rumours about this year’s Apple handsets are true, then the notched OLED display is about to become a lot more common, with the iPhone 9 and 9 Plus both expected to feature the display.
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