Why are people still selling old iPhones for ridiculous prices?

Question

It seems like every time I look up iPhones for sale, the price it's being sold for is ridiculous on the older models like the 6s, 6, 5s, 5c,5, 4s, and 4. Why do people justify selling them at these high prices

Answer 1

Favourite answer

Well here's the thing its an old item so it's kinda like buying a old gaming console or PC they will charge you more for the age of the product. The NES was $200.00 in 1985 (which was reasonable at the time because it included games but by itself it was $90 and computers were way more) now they are pretty pricey.

Answer 2

Because people are willing buy them.

Answer 3

To be museum pieces.

Answer 4

Idk was just given one of these things haven't used apple products since 1997

Answer 5

The commercial answer is: Presumably because people will buy them at those prices. Any second-hand item is worth what you can get for it. If, in 6 months time, the prices have halved, you will know that the asking prices were originally too high.

Answer 6

Oh looks like somebody can’t afford them 😢

Answer 7

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Answer 8

Cuz people might want to use their older tech.

Answer 9

Because people pay those prices. iOS devices tend to keep their value longer than Androids do, and Apple tends to provide OS updates longer.

Answer 10

Asking price has nothing to do with what the final price will be. Most people ask more than the actual price a store pays for a new phone. The value drops 50% as soon as you buy it.

Answer 11

Because idiots will pay that for them.