If you’re still holding onto Apple’s iPhone 5 now would be a great time to start looking into an upgrade.
The iPhone 5 will get the upcoming iOS 10.3.3 update but after that its future is unclear.
Apple hasn’t announced any new iOS 10 updates which means the iOS 10.3.3 update could serve as the device’s final iOS upgrade.
The iPhone 5 won’t get Apple’s upcoming iOS 11 update. This means iPhone 5 users won’t get access to the software’s new features and tweaks when the final version of iOS 11 is released in the fall. It also means that Apple will stop supplying the iPhone 5 with bug fixes for lingering problems and patches for potential security exploits.
Some of you might be fine with life on iOS 10. Many others, particularly those that value device security, should be thinking about upgrading from Apple’s iPhone 5 this year.
In this walkthrough we outline some reasons why you might want to upgrade from the iPhone 5 right now. Some of you might benefit from replacing your iPhone 5 today. Our guide will also take you through some reasons to consider holding off on an upgrade for a few more weeks.
If you own an iPhone 5 and you’re currently on the fence about an upgrade, here’s what you need to know.
Upgrade Soon If You Plan to Sell Your Phone
If you think you might want to sell your iPhone 5, for extra cash or to offset the price of your next phone, think about doing that soon.
If you want to get the most cash for your iPhone 5 you'll want to sell it before Apple's annual iPhone media event this fall. Once Apple announces new iPhone models the resale value of the iPhone 5 at sites like Gazelle, Glyde, NextWorth, and Swappa will probably plummet.
We typically see the resale price drop by 15-20% after a new iPhone launch
Unfortunately, at this point, you're not going to get much for your device. Gazelle is currently offering a mere $45 for a 32GB AT&T iPhone 5 in good condition. A 16GB Verizon iPhone 5 in good condition will also net you $45.
These prices will probably fluctuate over the next few weeks so you'll want to keep an eye on them if you want to offload your iPhone 5 and upgrade to a newer model.
Once September rolls around, you won't get much for your iPhone 5.