For most industries, the global chip shortage has been nothing but trouble. Big ones like Apple even lost billions in projected revenue because of the shortages. But the situation isn't bad for everyone - at least, not for iPhone 13 owners.
Unlike investments or property, electronic devices generally depreciate. But according to SellCell, the iPhone 13 series has proven to be much better at retaining its value compared to its predecessor. It's believed that this is due to the chip shortages, which has resulted in a lower number of available stock. As a result, the demand for the iPhone 13 series is higher than that of the iPhone 12 series last year.
The iPhone 13 series is proving to be better at holding its value (charts by SellCell)
As suggested, this level of value retention was attributed to the chip shortages. While an irrelevant fact for most, this is useful if you plan to upgrade to the Apple iPhone 14 series next year, assuming the value continues to stay high. Its effect is even better for those who plan to get another phone soon, and trade-in or sell their iPhone 13 to offset the cost.
It's interesting to see that the chip shortage had such an effect, but would you even want to sell your iPhone 13 so soon? How long do you wait before upgrading? Let us know in the comments, and stay tuned to TechNave for more other news on the latest mobile devices.
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