A recent report shows that smartphones are depreciating quite quickly, while Android smartphones are depreciating twice as fast as iPhones.
A report from the smartphone resale company BankMyCell tracks the value of trade-in iPhones and Android phones in the four years ending December 2019. According to their calculations, the value of the iPhone trade-in is "steadily declining", compared with the same period of the previous year, it will lose 23.35% to 33.09% of the value.
According to the report, the trade-in value of Android flagship phones loses more than 45% per year on average. The average in this data set shows that the average depreciation rate of an Android flagship phone is twice that of the iPhone.
The smartphone with the highest value preservation in 2019 (that is, the percentage of the original trade-in price) is the iPhone XR. The iPhone XR lost 21.55% of its trade-in value in 2019. This is impressive, as the Samsung device that maintained the largest trade-in value at that time (according to 2019 data) was the Samsung Galaxy Note 8, which lost 35.17% of the trade-in percentage.
Below, you will see some data for the beginning of 2020. You will see at the top that the average depreciation rate of some iPhone models is significantly lower than that of Android smartphones.
If you want to retain value-still LOSE value, but lose value at a slower rate than other similar devices-you may want to consider buying a strange phone.
According to the data mentioned above, in 2019, the LG smartphone with the least loss in trade-in value (in the top ten most popular deals) is LG G Flex. LG G Flex depreciated by 29.41% in 2019.
Among the fastest depreciating smartphones released in 2019, Motorola Moto G7 Play, G7 Power and G7 are ranked in the top three, followed by Google Pixel 3a and Samsung Galaxy S10 + Plus.
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