A Used iPhone Is Much More Expensive than a Second-Hand Android Phone

[silversurfer]

If you don’t want to pay a thousand bucks on a new iPhone XS and hope to get a used one cheaper, you’re out of luck.

Because as a recent study revealed, the resale value of the iPhone remains the biggest in the smartphone market, as Apple’s smartphones barely deprecate after the launch.

BankMyCell data shows that a new iPhone X, which had a price of $999 when purchased brand new, was resold for no less than $690 nine months later. This means the value of the iPhone dropped 30.93 percent.

Furthermore, the Galaxy S9, which was Samsung’s flagship sold for $720 brand new, could be purchased as a used phone for only $290 nine months later. This means it lost nearly 60 percent.

The analysis shows that iPhones typically decline the most when new models are about to be launched.

SOURCE: https://news.softpedia.com/news/a-used-i...5232.shtml