The value of a particular iPhone model is rapidly declining and is expected to fall further.

The resale value of a certain iPhone is dropping dramatically.
The iPhone Air's continued depreciation after its debut is concerning, potentially indicating long-term instability in the used market. Typically, other models, such as the iPhone 17 and older versions, tend to stabilize in value around the ten-week point.
The resale value of the least popular new iPhone is declining faster than other models, which is understandable. An older version of a phone with low initial demand is unlikely to be highly sought after. The iPhone Air's notoriety seems primarily driven by its poor sales performance, which negatively impacts its appeal.
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