Just like investing in cars, smartphones are likely to depreciate quite quickly, according to slash Gear, amedia outlet. In addition to some rare and old-fashioned technology, smartphones can depreciate over time. Data show that Android smartphones are depreciating twice as fast as iOS smartphones, according to a report this week by smartphone resale companies.
A BankMyCell report tracks the value of iPhones and Android phones in the four years to December 2019. According to their calculations, the value of the iPhone trade-in “steady decline” will be 23.35 per cent to 33.09 per cent from a year earlier.
According to the same report, Android’s flagship phone loses an average of more than 45 percent of its value each year. The average of the data set shows that an Android flagship phone depreciates at twice the average speed of the iPhone.
The most valuable smartphone in 2019 (that is, the percentage of the original trade-in price) is the iPhone XR. The iPhone XR lost 21.55 percent of its trade-in value for the full year 2019. That was impressive, when Samsung devices with the highest trade-in value (based on 2019 data) were samsung Galaxy Note 8, with a 35.17 percent loss.
Below, you’ll see some data for the beginning of 2020. At the top you’ll see some iPhone models depreciating significantly less on average than Android smartphones.
If you want to retain value – still LOSE value, but lose value at a slower rate than other similar devices – you might want to consider buying a strange phone. According to the data mentioned above, LG smartphones with the least loss of trade-in value in 2019 (in the top 10 most popular deals) are LG G Flex. LG G Flex lost 29.41% in 2019.
Motorola’s Moto G7 Play, G7 Power and G7 are in the top three, followed by the Google Pixel 3a and samsung Galaxy S10 Plus, respectively, among the fastest-depreciating smartphones released in 2019.