What is a good price for aniPhone 4s price?

The iPhone 5 just came out and I my friend wants to sell me his 4s because he got the 5 but he's asking $200 Is this a good price? By the way it's a 16 gb.

Thys how much it is new and tht is also the price of an 8gb iphone5 -- its used so it depreciates in value so at least $150 - although gamestop was going to give me $150 for an iphone 4 so maybe $200 is an ok price but i still think you should ask since its usef can they do $150 otherwise buy it new for $200

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