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How Long Does it Take for New Phone Prices to Drop?

When you buy something, it’s natural to look for the best deal possible. Cell phones are no exception, particularly because they can be quite expensive when they first come out.

Unfortunately, mobile devices are rarely available at a discount. Getting a new phone for a lower price requires patience.

How long do you have to wait before the price drops? When is the best time to buy a new phone?

Read on to find out!

Look at the price trends for previous models

Like most tech products, the prices of new cell phone models tend to fluctuate over time. New models may actually get more or less expensive depending on the time of year. To get a sense of these fluctuations, just look at the price trends for older models of your favourite brands.

Samsung Galaxy phones, for example, show similar price variation patterns from model to model. Since the Samsung Galaxy S8 came out, the price of every new model has dropped by around 30% three months after its release.

For iPhones, the value of a new device doesn’t drop as fast as a Samsung phone in the first few months. However, the prices of older models tend to drop by about $100 when a new model is released.

So, depending on the brand of cell phone you prefer, it may be worth waiting a few months to a year after a new model is released to get it at a better price.

The best ways to get a new iPhone or Android device at a good price

Apart from the release of new models, there are other situations when new phones may be available at great prices.

  • Buy a used cell phone: These days, there are excellent refurbished phones available. Since they aren’t technically “new,” you can get high-quality devices at an unbeatable price.
  • Pre-order a phone early: Some brands may offer discounts to customers who pre-order early. Stay tuned for announcements of new models that may interest you.
  • Take advantage of competition between brands: As mentioned previously, the release of a new cell phone model may lower the price of previous models. But when a brand unveils a new model, it also attracts a lot of attention. Competitors may try to stand out by adapting their marketing strategy and lowering their prices to attract customers.
  • Wait for big holiday sales: In Canada, consumers can take advantage of big sales like Black Friday, Cyber Monday and Boxing Day to make major purchases. During these sales, retailers offers discounts on almost all of their products, and new phones are available at attractive prices.

Recycell: affordable cell phones all year long

To find out how long it takes for phone prices to drop, take a look at the price variation trends of previous models. With that information, it will be easier to predict the best time to buy a new phone.

There are also specific times when new devices may be available at better prices, such as during holiday sales or pre-orders for new models.

Or, you can find practically new phones for a fraction of the price at Recycell. We buy used phones in large quantities from major companies and inspect them to determine their condition and price. That way, we can offer you great deals all year long!

Visit our online store to check out our products.


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