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Android phones lose their value twice as fast as iPhone

Huawei P30 Pro, display and software

The world of smartphones continues to undergo diverse studies with which it is intended to know the interests of users and the industry, such as the one that revealed that 1 in 10 Americans has spent more than $ 1,000 on their latest mobile. If we recently told you about a report on the devaluation of mobile phones, now the same company has announced that, as of today, Android phones lose their value twice as fast as iPhone, and even more so if they are low-end mobiles.

Smartphones generally don't maintain their value over the years, but nevertheless, some manufacturers' smartphones maintain their value more than others. A new report from the exchange company BankMyCell has revealed that as of today, Android phones lose their value twice as fast as iPhone, and even more so if they are low-end mobiles. In fact, it is not surprising that smartphones are devalued quickly, as there are a large number of launches of new devices.

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The report highlights that emblematic Android terminals lose value twice as fast as iOS devices. For example, in the first year, on average, smartphones from the bitten apple company lost 23.45% of their value; while in the two years the total loss is 45.46%. For its part, Android phones with a price higher than 700 dollars a year they lose 45.18% of their valueThat is, more or less what an iPhone loses in two years.

Budget Android devices lose half their value in a year

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With device tracking for 4 years, the report reflects that the decrease in the exchange value of the iPhone is a constant decrease, losing between 23.45% and 33.09% year after year. In two years, the average iPhone will lose 45.46% of its value original resale. For its part, in two years the average Android flagship phone will lose 71.41% of its original resale value.

However, the situation is but for cheap Android devices, since in one year they lose half their value. The report reflects that low-end Android devices with launch prices around $ 350 or less lose half of their exchange value in just twelve months. Furthermore, brand owners with popular terminals in this range, such as Samsung, Motorola, LG, HTC and Google, lost an average of 48.65% of their value in 2019-2020.

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The report also reflects that, in two years, a mid-range Android phone lose 79.66% of its value, with 48.65% in the first year and 44.26% in its second year. Using these value loss figures, an Android device originally released at a price of $ 299 It would be worth around $ 27 just three years later.

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