PAYING £999 for Apple’s iPhone X might seem like a huge expense, but it makes more financial sense than you think. We already knew iPhones held their value better than rival models, but the iPhone X trumps every other Apple smartphone too.

It’s believed that used iPhone X models sell for around 85% of their brand-new price. That works out at roughly £849 for the cheapest iPhone X model (usually £999). Or around £975 for the very top model, which comes with 256GB of storage and typically costs £1,149.

That’s according to B-Stock, a company that helps businesses “liquidate” their excess phone stock.

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