How Much is an iPhone SE (2nd Generation) Worth? - Mobile Klinik

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How Much is an iPhone SE (2nd Generation) Worth?

iPhone SE (2nd Generation)

The second-generation iPhone SE took the world by storm in 2020 with powerful new features for an affordable price. For those holding onto this device and wondering if it’s time to sell and upgrade, this article will explore all the factors determining your iPhone SE 2nd Gen’s value, the best way to sell your device, and how much it might be worth.

iPhone SE (2nd Generation) Key Insights

  • The iPhone SE 2nd Generation offers users reliable features at an affordable price. 
  • If you’re considering selling your device, it’s essential to know the various factors that determine its value, like the condition, storage space, age, and market dynamics.
  • There are various places you can sell your 2nd Generation iPhone SE. Keep in mind that the longer you wait to sell your device, the less valuable it will be.

What is a 2nd Generation iPhone SE Worth?

The 2nd Generation iPhone SE’s trade-in value in Canada ranges from $88 to $130, depending on the condition and storage capacity of the device. Keep in mind that if your it has significant damage, it may be worth less than these estimates. For a more accurate evaluation, get an instant quote online at Mobile Klinik.

Used iPhone SE (2nd Generation) Maximum Trade-in Values

Model
Very Good
Good
Acceptable

Model Apple iPhone SE 2nd Gen 64 GB
Very Good
Good
Acceptable

Model Apple iPhone SE 2nd Gen 128 GB
Very Good
Good
Acceptable

Model Apple iPhone SE 2nd Gen 256 GB
Very Good
Good
Acceptable

* Price updated as of March 2024

The Market for the 2nd Generation iPhone SE Today

The iPhone SE 2nd Generation was a well-received model offering the perfect balance of performance and affordability. It features Apple’s A13 Bionic chip, ensuring a smooth user experience and support for the latest iOS updates.

The device appealed to budget-conscious consumers who wanted the reliability of the iPhone experience without the premium price tag. Given Apple’s consistent software support for its devices, the 2nd Generation iPhone SE will likely remain relevant in years to come.

While it may not be the newest and flashiest device in Apple’s lineup, the 2nd Generation iPhone SE still holds value in today’s used phone market. 

What are Phone Conditions?

When it comes time to sell your iPhone, one of the biggest factors determining value is its condition. This is directly related to how well you care for it and how it looks and performs. The better the condition, the better the resale price. Here’s the breakdown:

  • Very Good: If your iPhone is in very good condition, it has good battery health, minimal signs of wear, and there are little to no scratches. The phone itself should function like new. 
  • Good: An iPhone in good condition might possess minor scratches and signs of wear and tear, but these do not detract from the phone’s function. Overall, the battery is in good health.
  • Acceptable: If your iPhone is in acceptable condition, its battery usually has worsened health and more significant imperfections. However, despite these signs of wear, the device should function properly.

MSRP of the 2nd Generation iPhone SE

Upon its release in 2020, the iPhone SE 2nd Gen’s manufacturer’s suggested retail price (MSRP) started from $599 (CAD).

Factors Determining the Price of the 2nd Generation iPhone SE

As mentioned previously, the condition of your iPhone is one of the most significant factors influencing its worth. However, there are other factors to keep in mind:

  • Age: As iPhones get older, they decrease in value. The emergence of new features leaves older models outdated as consumers look for the latest and greatest technologies.
  • Storage Capacity: The 2nd Generation iPhone SE comes in three storage capacities: 64 GB, 128 GB, and 256 GB. Generally, more storage means more value.
  • Accessories: iPhone users value original packaging because it demonstrates your commitment to taking care of the phone. Including accessories is also a bonus because buying these as a separate expense can be costly. 
  • Market Conditions: The demand for the iPhone SE 2nd Generation also depends on the market conditions at any given time. For example, the launch of a new iPhone may significantly decrease its value, while other trends and consumer preferences may increase demand slightly.

Where Can I Sell My iPhone SE 2nd Gen?

When it’s time to part ways with your device, you can explore various selling avenues. Each has its own benefits:

  1. Buy-Back Programs: Reputable retailers, like Mobile Klinik, offer the option to sell your iPhone SE 2nd Gen in a simple, hassle-free way. Bring your device to us for an on-the-spot evaluation. Once we determine its value, we’ll give you a prepaid Visa gift card or in-store credit, which you can use to upgrade to a Certified Pre-Owned device. We’ll even backup your data on a USB and safely wipe your device to protect your information. Programs like ours prevent phones from ending up in landfills and ensure they can find a new home to contribute to the circular economy.
  2. Carrier Trade-In Options: Inquire with your carrier to see if there are options to trade your 2nd Generation iPhone SE for an upgraded device. Usually, this will also mean renewing your plan with them.
  3. Family and Friends: Your close network of friends and family can also be an easy way to sell your device to someone you trust. 

How Does Time Affect the Price of a Used iPhone?

Over time, iPhones depreciate. This means their value decreases yearly, especially as new models and technologies emerge. Here’s a quick example of what depreciation can look like. Keep in mind that these are just sample numbers, and actual figures can differ depending on the time of year, the model, and overall market conditions.

 

Day 1  Year 1  Year 2  Year 3  Year 4  Year 5
Value (CAD) $1,319 $1,115.87 $929.52 $752.82 $594.58 $443.56
Average Loss 0 -15.4% -16.7% -19.01% -21.02% -25.40%

Maintaining the Value of Your 2nd Generation iPhone SE

The key to maximizing the resale price of your 2nd Generation iPhone SE is to take care of your device from the beginning. Here are a few ways you can do that:

  • Protective cases and screen protectors: Rough handling or accidental drops can happen anytime. With cases and screen protectors, you reduce the risk of severe damage. For convenience, Mobile Klinik has a protection bundle, including the custom cut protection pro, to safeguard your screen and entire device. Find a store near you to learn more.
  • Clean your device regularly. Don’t overlook regular cleaning. Brush away dust and wipe off dirt to maintain your device’s pristine look. The better it looks, the more buyers will value your phone. 
  • Keep software up-to-date. Software updates are paramount to ensure your 2nd Generation iPhone SE stays current and can function seamlessly with apps and features. If you’re unsure how to update your software, visit us at Mobile Klinik—we’d be happy to show you how it’s done. 
  • Monitor battery health and charging. If your battery depletes too much, it can impact the usability and charge of your phone. If this is the case for you, consider a battery replacement. This will help prolong the lifespan of your iPhone and keep it in better condition for longer until you decide to sell.

Frequently Asked Questions

What do I need to do before selling my iPhone SE 2nd Gen?

Always back up your data and perform a factory reset on your device. This keeps your information safe and removes it from the phone before handing it off to the new owner. Gather necessary accessories and the box, if applicable, and clean your phone’s exterior to get it in top shape. For your convenience, when you sell your phone to us at Mobile Klinik, we can safely transfer your information to a USB and completely wipe your data to protect your privacy.

What if my 2nd Generation iPhone SE has cosmetic damage or issues?

Be transparent about damage or issues. If these concerns are significant, you can consider repairing them before seeking potential buyers. Problems warranting a repair before sale may include battery or screen replacements.

Is it worth selling my iPhone SE 2nd Generation?

If it’s time to upgrade or you just want a change, selling your 2nd Generation iPhone SE is an excellent way to earn extra cash. While its value has depreciated over time, as outlined in this article, it still holds some value in the used iPhone market. Keep in mind that the best time to sell is now—the longer you wait, the less money you’ll get back.

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