iPhone X is Ridiculously Expensive - Report

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Apple set a new record with the price of the iPhone X, as the base model costs $999 in the United States, and by the looks of things, the device remains a super-expensive purchase even when buying a used unit.

Research conducted by liquidation company B-Stock shows that when resold, an iPhone X can be purchased for an average of 85 percent of the original price. This means that the $999 iPhone can be yours for approximately $849.

Furthermore, those who purchase the iPhone X in bulk also pay more than usual on Apple’s anniversary model, as the price of the device when resold drops to only 75 percent of the original value.

The cited source claims that partially responsible for the high price of the iPhone X, even when resold, is the high demand in the United States, as only 2 percent of the units are sold in other countries.