The price of second-hand iPhones in Malaysia is expected to fall by up to 50% by 2025, according to a new report by Counterpoint Research.
The report predicts that the average price of a second-hand iPhone in Malaysia will drop from RM1,500 in 2023 to RM750 in 2025. This is due to a number of factors, including the increasing popularity of mid-range and budget smartphones, and the growing availability of refurbished iPhones.
Here is a breakdown of the expected price drops for different iPhone models by 2025:
| iPhone Model | Price in 2023 | Price in 2025 |
|---|---|---|
| iPhone 14 | RM4,000 | RM2,000 |
| iPhone 13 | RM3,000 | RM1,500 |
| iPhone 12 | RM2,500 | RM1,250 |
| iPhone 11 | RM2,000 | RM1,000 |
| iPhone XR | RM1,500 | RM750 |
What are the factors driving the decline in second-hand iPhone prices?
- The increasing popularity of mid-range and budget smartphones. In recent years, there has been a growing demand for affordable smartphones that offer good performance and features. This has led to the rise of mid-range and budget smartphones from brands such as Xiaomi, Redmi, and OPPO.
- Growing availability of refurbished iPhones. Refurbished iPhones are second-hand iPhones that have been repaired and restored to their original condition. They are typically sold at a discount to new iPhones, but they offer the same performance and features.
What are the implications of the decline in second-hand iPhone prices?
- More people will be able to afford an iPhone. The decline in second-hand iPhone prices will make it more affordable for people to own an iPhone. This is good news for consumers, as iPhones are known for their high quality and performance.
- There will be less demand for new iPhones. As the price of second-hand iPhones falls, there will be less demand for new iPhones. This is because people will be able to get a good quality iPhone for a lower price.
The decline in second-hand iPhone prices is a positive trend for consumers. It will make it more affordable for people to own an iPhone, and it will reduce the demand for new iPhones.
Conclusion
The price of second-hand iPhones in Malaysia is expected to fall by up to 50% by 2025. This is due to a number of factors, including the increasing popularity of mid-range and budget smartphones, and the growing availability of refurbished iPhones. The decline in second-hand iPhone prices is a positive trend for consumers, as it will make it more affordable for people to own an iPhone.
1. Why are second-hand iPhone prices falling?
- The increasing popularity of mid-range and budget smartphones.
- Growing availability of refurbished iPhones.
2. How much will second-hand iPhone prices fall by 2025?
- Up to 50%.
3. What are the implications of the decline in second-hand iPhone prices?
- More people will be able to afford an iPhone.
- There will be less demand for new iPhones.
4. Is it a good time to buy a second-hand iPhone?
- Yes, as prices are expected to fall further in the coming years.
5. Where can I buy a second-hand iPhone?
- Online marketplaces such as eBay and Amazon.
- Local classifieds websites such as Craigslist and Gumtree.
- Refurbished iPhone stores.
6. What should I look for when buying a second-hand iPhone?
- The condition of the phone.
- The battery life.
- The storage capacity.
- The IMEI number.
7. What are the benefits of buying a second-hand iPhone?
- It is more affordable than buying a new iPhone.
- It offers the same performance and features as a new iPhone.
- It is environmentally friendly.
8. What are the risks of buying a second-hand iPhone?
- You may not be able to get a warranty.
- You may not be able to get support from Apple.
- You may be buying a stolen phone.
