iPhone models tend to retain more value over time than Android models, according to a recent report from a company that specializes in reselling used devices. Not only do they lose less value, but they also depreciate more slowly. Here are the details…
The trade-in value of Apple’s iPhones remains unmatched
When it comes to trade-in value, Apple’s iPhones remain unmatched. A recent report from a company specializing in reselling old devices shows that the value of Apple’s iPhones tends to hold up better over time than their Android counterparts. For example, the iPhone 13 Pro Max, which was Apple’s top-of-the-line smartphone between September 2021 and September 2022, has lost less than half its value (44.6%) even though it is almost a year and a half old.
In comparison, the newest iPhone 14 Pro Max has depreciated by about 27% since its launch. It’s worth noting that these numbers are for the 128GB version of the device. On average, Apple’s iPhones lose about 69% of their value over time. While this may sound like a lot, it’s important to consider that this is 2/3 of the MSRP (Manufacturer’s Suggested Retail Price).
However, Samsung smartphones generally lose about 90% of their value across all models and generations. This is partly due to the fact that Samsung offers a number of entry-level and midrange devices that are difficult to resell, which in turn diminishes their value. In conclusion, when it comes to trade-in value, Apple’s iPhones remain unmatched. Even as technology advances and new models are released, the value of older iPhones holds up well over time.
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