Latest iPhone likely to drop 35% in value after 5G enabled phone hits the market 

In general, the iPhone holds its value well, with the average Apple phone losing 43% of its value after twelve months. Picture: Andrew Matthews/PA Wire

The 2020 Apple KeyNote event is due to take place next month and with it, a new 'must-have' phone will be released. 

A report by tech site MusicMagpie found that when a new iPhone hits the market, the value of its predecessors drop by 11% in the first month alone and a total 17% after three months.