If you’re someone who tends to buy their phones full price, this latest news on phone resale values might have you singing the blues. A study found that Samsung and Google’s phones — despite retailing for at some rather high-dollar prices — tend to rapidly depreciate in value after just a single month of ownership. Of the five Android phones in the study, only Google’s baseline Pixel 6 appreciated in value after the second month.
Here are some of the reasons why you should always trade in your phone when upgrading. According to a SellCell research, the resell value of the Samsung Galaxy S22 phones plummeted from 41.7 percent to 53.8 percent after just one month of possession. The Galaxy S22+ was the poorest performance, losing 53.8 percent of its value after one month, while the Pixel 6 only lost 37.2 percent. During the same time span, Apple’s iPhone 13 models depreciated by 6.3 percent to 19.9 percent.
The study from SellCell (via ZDNet), one of the biggest trade in sites in the U.S., underlines the disposable nature of modern smartphones and how easy it is to lose money on a premium smartphone if it doesn’t fit your needs. Conversely, all of Apple’s iPhone 13 models depreciated far less than either of Samsung or Google’s latest flagship phones. It seems all those great trade-in deals for phones have had a negative affect on the second-hand market.
The Google Pixel 6 Pro was Google’s worst performer at 44.4% value lost, while the smaller and cheaper Pixel 6 lost just 37.2% after one month. Meanwhile, the Apple iPhone 13 Pro Max — the most expensive iPhone on the market — dropped only 6.3% in value after one month. As you might imagine, devices only in “good” condition dropped even harder in value after one month, with the Galaxy S22 Plus losing 57.5% of its value.
The worst performer in SellCell’s study was the Samsung Galaxy S22 Plus which, ironically, is number one on our best Android phones list. That phone’s value dropped a whopping 53.8% after just one month of ownership for devices in “like new” condition. The far more expensive Galaxy S22 Ultra dropped just 41.7% over that same time period, while the smallest and least expensive Galaxy S22 model sat in the middle at 42.4% value lost.
While it’s clear that Apple’s phones hold up far better in value than the best Android phones, there’s one clear takeaway from this study: make sure you’re taking advantage of trade-in deals and carrier deals when buying your next phone. Manufacturers and carriers often offer hundreds of dollars for old phones when you buy a new one, which could help negate the resale value loss that would otherwise be incurred.
Nick started with DOS and NES and uses those fond memories of floppy disks and cartridges to fuel his opinions on modern tech. Whether it’s VR, smart home gadgets, or something else that beeps and boops, he’s been writing about it since 2011. Reach him on Twitter or Instagram @Gwanatu