iPhone 8 64GB Market Price?

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Senecio

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#269935 15-Apr-2020 17:53

I've search Trademe completed listings but couldn't get enough hits to be able to get a decent ball park figure for a market price.

We've just renewed our carrier contract with Vodafone at work which includes a complete replacement of all existing handsets. I have a new iPhone 11 incoming shortly to replace my iPhone 8 which is less than 6 months old as it was a replacement for a unit that had developed a fault. So, less than 6 months old, battery health still at 98% and always in a case with no blemishes. I have the opportunity to buy it from work for $400 which doesn't seem too bad. Would be an ideal phone for my Father in Law who is recently retired and just handed back his company supplied iPhone 6. He doesn't need the latest and greatest but this seems the cheapest way to keep him in the iOS ecosystem which he is familiar with.

$400 seem about right?

SheriffNZ

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#2462088 15-Apr-2020 18:01

If it’s any help, I sold an iPhone 7 with 128Gb in October 2018 for $460. If I remember, the phone was older than your one at the time of sale.

antonknee

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#2462093 15-Apr-2020 18:18

I would say $400 is a pretty good price... I'd buy it. Looks like refurbs are around $500-$600 at Duct Tape Workshop.

RunningMan

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#2462245 16-Apr-2020 07:45

With the release of the new iPhone SE which is the same form factor as the 8 but higher spec and lower price, resale on the 8 may drop

https://www.apple.com/nz/iphone-se/

Senecio

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#2463267 16-Apr-2020 09:34

I see that, Looks like a damn impressive phone for $799 starting price.

I've shared this with our finance team. I expect we'll have to reconsider the market price we are offering staff to buyout their current phones.

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#2463404 16-Apr-2020 13:27

$400 is the lowest price I'd consider selling one for - that would be no box, maybe a scratch or two on the case. Your one, seeing it's so shiny & new, is worth every dollar of that.

Keep in mind that all markets are in a state of flux, things won't be worth what they were post-crisis. You're not buying it for resale though, & your FIL will get years of service from this phone. Really, it's all but new & under half price - gotta be good.

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Senecio

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#2463412 16-Apr-2020 13:57

Thanks for the feedback.

I just shared the iPhone SE announcement with the team. Luckily I'm on the committee who makes the decisions on this! The $400 is only an estimate at this point and will be refined closer to the time we make the change expected to be mid/late May. Its likely to come down based on the latest announcement.

To be honest the phones represent no value/cost to us as a business. We'd be happy to give them to staff for free but that would incur Fringe Benefits so a fair but generous price is what we're looking for.

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BlinkyBill

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#2463501 16-Apr-2020 15:14

Senecio:

I just shared the iPhone SE announcement with the team. Luckily I'm on the committee who makes the decisions on this! The $400 is only an estimate at this point and will be refined closer to the time we make the change expected to be mid/late May. Its likely to come down based on the latest announcement.

To be honest the phones represent no value/cost to us as a business. We'd be happy to give them to staff for free but that would incur Fringe Benefits so a fair but generous price is what we're looking for.

correct me if I’m wrong, but mobile phones attract a depreciation rate of about 66%? Say you bought the phones 2 years ago, on your books they are now worth about 10-15% of the purchase price? Even if you gave them away, FBT on bugger all isn’t worth much.

And you could probably write them off the asset register and then give them away? I’m assuming here this happens on an occasional ‘surplus-to-requirements’ basis rather than as a regular benefit.

Nate001

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#2463589 16-Apr-2020 16:19

A guy at work uses his wife's old work phone. She gets a new one every year and they've never asked for it back so they've got a drawer full of iPhones. Not sure on the legal/moral stand point but I guess if the company requested they are able to be returned straight away...

henrytai

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#2467634 22-Apr-2020 10:13

Nate001:

A guy at work uses his wife's old work phone. She gets a new one every year and they've never asked for it back so they've got a drawer full of iPhones. Not sure on the legal/moral stand point but I guess if the company requested they are able to be returned straight away...

Lucky for them! I guess the phone is just sitting in the drawer... Do you know if they are managed by MDM (Mobile Device Management)? Which company is that? I might want to work for them :P

Does she get the iPhone 11 or iPhone 11 Pro?

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Nate001

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#2467644 22-Apr-2020 10:28

henrytai:

Nate001:

A guy at work uses his wife's old work phone. She gets a new one every year and they've never asked for it back so they've got a drawer full of iPhones. Not sure on the legal/moral stand point but I guess if the company requested they are able to be returned straight away...

Lucky for them! I guess the phone is just sitting in the drawer... Do you know if they are managed by MDM (Mobile Device Management)? Which company is that? I might want to work for them :P

Does she get the iPhone 11 or iPhone 11 Pro?

I have no idea if its managed or if she gets the 11. Its a large NZ company - their telco account is probably so big the phones are almost given away to them so I don't think they're bothered.

If you're on the customer facing side of companies that is just the start of the perks.

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#2467650 22-Apr-2020 10:37

& the purpose or value of keeping a bunch of iPhones in a drawer is..? Surely if you're not using them, there's no point in having them. Apart from an original iPhone 2G in the box, they won't be appreciating.

I can see that an iOS security researcher would find this collection quite useful, being able to see if a particular vulnerability persists across platforms & iOS versions. Reasonably rare person though.

Is there any real point to filling a drawer with iPhones that aren't going to be used again? Apart from being able to see batteries degrade & swell to the point where they break the cover / screen, of course.

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henrytai

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#2467653 22-Apr-2020 10:43

OP $400 seems reasonable for a 6 months old iPhone 8 which is half the price of the new iPhone SE.

Is the phone still under Apple warranty? Will the company give you a receipt?

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