Smartphones lose value really fast
 

The more you spend the faster values fall

According to a report from musicMagpie’s, while smartphones are becoming increasingly expensive, they’re losing value much quicker than some older and cheaper handsets.

The iPhone XS which was released last year, and the X, Apple's 2017 flagship, both launched at the same price: £999. After six months on the market, the X had a trade-in price of £610 - a 39 percent deprecation rate - while the XS had a trade-in value of £404 - a 60 percent drop. The iPhone XR, which was released in October 2018 for £749, is currently worth £421, dropping by 44 percent in the first year, the report said.

Samsung saw seen the prices of their Galaxy handsets increase, with the last three launches of the ‘Plus’ range being priced at £799 (S8+), £869 (S9+) and £999 (S10+). However, like the more expensive iPhones, these flagship Samsung handsets have not held on to their value very well. After six months on sale, the S8+ had lost 47 percemt of its value, while the S9+ and S10+ had lost 50 percent and 58 percent respectively.

Jon Miller, MD of Electronics at musicMagpie, said: “In the past, we’ve seen that devices with higher specs typically tend to hold their values well, however, in the recent set of releases, this hasn’t been the case. The reason for this is mainly a lack of innovation and consumers can’t distinguish between the upgraded features which leads to them choosing an older generation of the phone when thinking of ‘upgrading’ – because necessarily, they can purchase an older version of the phone and it does the same thing, but for a lot cheaper.”

https://fudzilla.com/news/mobile/493...ue-really-fast