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You Can Get a Great Deal on the iPhone 7 Now Thanks to Apple's Clearance Sale

By: Julia Glum
Julia Glum, expert in the IRS, taxes, credit scores, saving, colleges, mobile payment apps, and News Editor at Money
Julia Glum
News Editor | Joined February 2018
Julia Glum joined Money in 2018 and specializes in covering financial trends that affect everyday Americans' wallets. She also writes Dollar Scholar, a weekly newsletter that teaches young adults how to navigate the messy world of money.
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Published: Sep 12, 2019 3 min read
A customer is trying an iPhone 7 in the apple shop. On the
A customer tries out an iPhone 7 in the Apple Shop.
Zhang Peng—LightRocket via Getty Images

Out with the old, in with the new.

After announcing the high-speed, multi-lens iPhone 11 on Tuesday, Apple has now slashed prices for the iPhone 7. The 32-gigabyte jet black model is now on clearance and you can buy it for $399 on Apple's website.

That's a pretty serious discount, given that the base version of the iPhone 7 cost $649 when it launched in 2016.

Though four iPhones ago may seem like ancient history, the iPhone 7 is no clunky, bygone piece of machinery. It has a 4.7-inch screen, an HD FaceTime camera, Touch ID, slow-mo and time-lapse video settings, and more. It's also water resistant up to 1 meter for 30 minutes, offers WiFi calling and can play up to 40 hours of audio.

iPhone 7
Courtesy of Apple

Macworld reported Apple likely dropped the prices because it's discontinuing the iPhone 7, which is common when the company debuts a new model. The iPhone 7 is no longer featured at the top of Apple's iPhone homepage, which now only shows the iPhone 11 Pro, the iPhone 11, the iPhone XR and iPhone 8.

Buying a discontinued iPhone 7 may mean you can't download the newest iOS or access flashy features, but don't worry — you can still get it fixed if it breaks. People "may obtain service and parts from Apple or Apple service providers for 5 years after the product is no longer manufactured," according to Apple's website. (So you've got a while to go.)

Several retailers are selling their iPhone 7 models at similarly reduced prices. At Walmart, you can buy an AT&T prepaid iPhone 7 with 32 gigs of storage space and a $50 airtime bundle for $349.99. If you buy a prepaid Net10 iPhone 7, the price dips to $299.99.

A Total Wireless iPhone 7 is $299.99 at Best Buy, as well. You can score a Simple Mobile prepaid iPhone 7 on Amazon for $299.99, too — and you can get it in gold.

For comparison, the iPhone 11 starts at $699. However, if your heart is set on nabbing that brand-new model, there is one way to save money: Look into trading in your old Apple devices for a credit. Preorders for the iPhone 11 start Friday.

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