How to Sell Your Old iPhone
Posted 10/05/2011 at 2:24pm
| by Adrian Hoppel
So, you’ve read about the new iPhone 4S and you want it. We understand. But what to do with your existing iPhone?
Assuming you’re not wanting to donate the device to an organization like the University of Peace or 123 Apps for Kids, perhaps the simplest thing to do is just to sell it. It is simple, and it’s possible you can get back enough money to pay for at least more than half of that iPhone 4S, without a contract. That’s like getting a new iPhone and a digital assistant for free!
But if you are going to test the open market waters, there are several different ways to go. Here are a few tips you might want to consider as you get ready to place your pre-order on Friday.
Prep Your iPhone
Wherever you plan to sell your old iPhone, when the times comes to slip it in the box and send it off to its new home you’ll want to make sure the device is wiped clean of your personal informaiton.
1. Backup and Restore
First, connect your old iPhone to iTunes. Backup everything. This is key. Then, hit the Restore button on your iPhone Summary page. You’ll be prompted again to create a backup (do it), and then Continue and restore your iPhone to its factory settings.

2. Remove Your SIM or Clear Your MEID
If you have an iPhone 2G, 3G, or 3GS, locate the SIM card tray in the top edge of the casing, between the headphone jack and power button. If you have an AT&T iPhone 4, locate the tray in the right edge of the casing. Gently insert Apple's SIM card removal tool or a straightened paperclip into the pin-sized hole in the SIM card tray. Once you release the catch in bottom of the hole, the SIM tray will eject from the phone body. Remove your card from the tray and reinsert the tray so it is secure and flush with the casing.
If you have a Verizon iPhone 4, there is no removable SIM card because the phone has a CMDA band, so you'll want to call Verizon Wireless to disassociate your number with that phone. They'll need you to retrieve your iPhone's MEID from the Settings > General > About menu. Let them know that you'll be selling your phone, but beware that Verizon may require additional time to process your request -- possibly up to your next billing cycle -- so be sure to get the official date of deactivation.
Sell Your iPhone
You basically have two flavors here: sell it directly to someone else or sell it to a company that will resell it. Either way, one rule to keep is to be honest in your descriptions of the device. Hoping they don't find the scratch or the crack is a bad strategy that will come back to haunt you.
1. Directly
If you sell it directly, you stand to get the most cash back for it. However, the process requires more work from you. You'll want to do everything you can to make your old iPhone look like it did when it was new. Clean up the glass and collect as much original packaging as you can. Then, take three to four photos of the device, as well as the packaging, and then pack it up.
Craigslist can get you the most money, but also requires the most care. You create a post (make sure you upload the photos you took) and then sit back and wait for the inquiries to come arrive in your inbox. Choose who you want to reply to, and arrange to meet in a safe, public place. Insist on cash only, and don't be afraid to negotiate.
eBay is a little easier, but will exact some fees. The interface is clean and payment is electronic, though you'll need a PayPal account. All you have to do is create your listing, upload your images, and decide if you want to set a reserve or minimum price, and let it rip. We suggest doing a 24 hour auction for best results.

2. Resale Company
The easiest way to sell your device is to use a company that specializes in buying used mobile devices. There are several listed below, and the process is similar in all of them: you describe your phone online, they give you a quote, you ship the phone to them, and then they inspect your phone. If the phone matches the description you sent them, then they'll give you the money. Of course, this convience comes at a premium and you will find it difficult to match the prices you could get on Craigslist or eBay, but it's definitely hassle-free.
Here are a few resale companies to consider, in alphabetical order:
- Buy Back World
- Cash4MacBooks
- Cash for iPhones
- iPhones Into Cash
- Gazelle
- NextWorth
- SellYourMac
- Totem
Good luck and happy selling!
Adrian writes the weekly Law & Apple column for MacLife.com. You can follow him on Twitter, if you want to.