Smartphone and tablet marketplace SellCell analyzed trade-in data received from more than 40 buyback companies to find out if an iPhone is still the best place to hold value. The iPhone remains the gold standard for value preservation, but price declines have hit more recent models harder than those launched a few years ago.
At the same time, each new model in the Samsung Galaxy S series is better than the previous one.
iPhone 16 is depreciating 8% faster than iPhone 15 and iPhone 14
The iPhone 16 series lost more value than the iPhone 15 and iPhone 14 in the first two weeks. |Image credit – SellCell
Two weeks after its release, the iPhone 16 series fell 41%, losing $468 in value. Over a similar period, the iPhone 15 and iPhone 14 both lost about 33% of their value.
Every iPhone released since iPhone 12 has decreased in value compared to previous models. of iPhone15For example, a year later it was down 48 percent and 0.5 percent higher than before. iPhone14.
Every iPhone released since iPhone 12 has lost more value than the previous iPhone. |Image credit – SellCell
The iPhone 13 has decreased in value by 46% after 12 months and has increased by 2.4% compared to the iPhone 13. iPhone12.
Newer Galaxy S series models hold more value than older versions. |Image credit – SellCell
Previous Galaxy S models, on the other hand, have been losing value more slowly.
Twelve months after its launch, the Galaxy S22 had lost a staggering 68% of its value. The Galaxy S23 held 5.6% more value than its predecessor over the comparable period.
Since the Galaxy S24 was released in January, its performance has been impressive so far, although not all 12 months’ worth of data is available on the phone. After six months on the market, the Galaxy S22 had lost 54% of its value in 2022. galaxy s23 Slightly better than its predecessor. in contrast, galaxy s24 has significantly improved its performance, with only a 50% loss in value after six months.
Smartphones tend to regain some of their value after initial depreciation, so they may recover in value after 12 months. galaxy s24 holds more value than galaxy s23 I did it last year.
So while iPhones are still depreciating more slowly than Samsung’s Galaxy S phones, the depreciation gap is narrowing and could eventually reverse if current trends continue. .
The report does not speculate on the reasons behind this pattern of change, but there are several theories. While iPhones continue to be some of the best phones on the market, they have become less appealing over the years. On the other hand, the recent Samsung Galaxy S series phones didn’t leave much to be desired. Samsung is now offering longer-term support, which could be another reason for the long-held depreciation rules to change.
The average smartphone user keeps their handset for nearly three years, so these numbers don’t mean much unless you upgrade your device at some point.
