In its traditional annual report recently published, BankMyCell website highlighted the rate of decrease in the price of smartphones after purchase.
The service is popular for comparison of prices within the framework of trade-in programs for exchanging old phones for new ones with a surcharge.
Prices Of Android Smartphones After Purchase Drop Twice As Fast As Those Of iPhone
As it turned out, in the first 12 months, Android smartphones lose twice as much of their value as the iPhone – 33.62% versus 16.70%. Two years after purchase, the price of Android is down 61.50% on average, while the price of the iPhone is down 35.70% on average. For four years, on average, the Android smartphone is cheaper by 81.11%, and the iPhone – by 66.43%.
As for individual brands, HTC, Motorola and Sony became the leaders in the rate of price reduction in the first year – by 53.08%, 42.57% and 39.51%. The slowest are iPhone and, oddly enough, LG and Nokia.
The flagships Apple and Samsung fell in price like this:
- Samsung Galaxy S20 (-34.78% in 9 months), iPhone 11 (-12.84% for all 2020)
- Samsung Galaxy S20+ (-30.59% in 9 months), iPhone 11 Pro (-21.31% for the entire 2020)
- Samsung-Galaxy S20 Ultra (-36.30% in 9 months), iPhone 11 Pro Max (-15.96% for all of 2020)