Apple Phone Hold their Value – Androids Don’t, and if you’re hoping your Phone will provide you with a few years of reliable service and retain a fair amount of its value, you’re in for a big surprise.
Cellphones tend to lose value at wildly differing rates. This is an entirely intuitive conclusion, but it hasn’t been closely tracked until recently until now. BankMyCell is a website that tracks the trade-in values of a staggering array of the smartphone makes and models, and the details in their data may surprise you.
BankMyCell recently discovered Android phones lost their value at roughly twice the Apple Phone hold their rate in the first year. Android devices’ trade-in price gave up more than a third of their phone’s value (-33.62 percent) compared to the Apple Phone, which loses only 16.7 percent of its value on year one.
Things don’t get any better in year two. By that point, an Android-based phone will have lost 61.5 percent of its value, compared to -35.7 percent for iPhones.
BankMyCell’s data gets quite granular, and they have statistics for some of the most popular models available. For instance, after nine months of ownership, the company finds that the Galaxy S20 loses 34.78 percent of its value compared to the iPhone 11, which only loses 12.84 percent, while the Galaxy S20+ loses 30.59 percent of its value, versus the iPhone 11 Pro’s loss of 21.31 percent of its value. Finally, the Galaxy S20 Ultra loses 36.3 percent of its value after nine months, compared with the iPhone 11 Pro Max, which only loses 15.96 percent of its value.
All that to say, if you’re looking for a phone that will offer the highest possible trade-in value when you upgrade, then Apple’s phone products are hands-down the way to go.