View CaptionHide Caption If you have an older iPhone such as the6 or 6 Plus,shown here, you might want to wait until next year to upgrade.
If you’re still toting an Apple iPhone 5, 5s, 6 or 6s, you might want to wait a few months months to upgrade to an iPhone7.
DealNews says now is a terrible time to buy an iPhone. That’s because with the iPhone8 is expected to be released in September or October, so discounts on the iPhone 7 won’t be far behind.
DealNews keeps records of iPhone price trends dating back to 2011. Its data shows that older iPhones are generally discounted in the fall, after the latest-generation model is announced.
If you’re looking for maximum savings, you should delay your purchase of an iPhone 7 until February when you could snag one for as little as $300, DealNews advises.
Regional carriers like Virgin Mobile and Boost Mobile, as well as sites like eBay, Sears, Walmart, and Target generally have the best iPhone sales — DealNews advises checking those when you’re ready to buy.
By the way, the iPhone 8 is expected to be “insanely expensive,” DealNews says. It might be priced at more than $1,000.
Here’s a look at iPhone price fluctuations for based, unlocked models over the last few years, according to DealNews.
• The iPhone 4s launched on October 14, 2011 at $649. By the following June, Virgin Mobile was already selling it for $100 off. The phone didn’t see any other major discounts until October 2012, a year after it first hit store shelves, when it fell to $400 at Target a month after the iPhone 5 made its debut.
• It was a similar story for the iPhone 5, which went on sale September 21, 2012 at $649. It hit $550 at Virgin Mobile the June after its debut, and dropped to $405 in October 2013 — not long after its successor, the iPhone 5s, was announced. By the end of 2013, it was selling for less than $400.
• The iPhone 5s hit shelves on September 20, 2013 for $649. It started seeing discounts early the following year, dipping as low as $385 that March at Virgin Mobile. After the iPhone 6 was announced in the fall of 2014, the iPhone 5s could be found for $500 on eBay. A year later, the iPhone 6s launched and the two-year-old iPhone 5s dropped to $299 at Walmart.
• The iPhone 6 was released on September 19, 2014 at $649. Before the end of that year, it could be found for $640 on eBay. It didn’t dip below $600 until September 2015, when the handset reached $500 on eBay the same month its successor, the iPhone 6s, was announced. By February 2016, it had dropped to $380 at Boost Mobile. It then reached $300 that September at Best Buy, around the time the iPhone 7 made its debut.
• The iPhone 6s was went on sale September 25, 2015 for $649 and saw a pretty sweet discount right away. Boost Mobile customers were able to snag the handset for $450 when it was brand new. In December 2016, a little over a year after its debut and shortly after the iPhone 7 came out, the iPhone 6s dropped to $399 at Walmart. This past February, you could get it for $350 at Boost Mobile.
• That brings us to the iPhone 7 (Apple’s current flagship), which was released on September 16, 2016 with a starting price tag of $649. By January of this year — just three months after its launch — you could find it on eBay for $630. Looking ahead, we may see the price of the iPhone 7 drop to $500, or even as low as $400, before the end of 2017 — possibly as early as October. If you can wait until February, however, you may be able to find the iPhone 7 for as little as $300.