When you’re making a buying decision ahead of the arrival of a new high-end phone, there are many considerations to take into account.
Screen size, CPU, cameras, and display technology are all part of the equation, but what about resale value? It isn’t something that many take into account, but according to seller Bank My Cell, they probably should.
According to a new report by the retailer, there was a dramatic difference in the resale value of the iPhone X and Galaxy S9, the two comparable devices that launched last year from Apple and Samsung respectively. According to the report, the iPhone X saw its $999 retail price fall only 30% over its first nine months on sale, with a resale value of around $690. However, when you consider the Samsung Galaxy S9, it apparently saw 60% of its initial price fall away, with a resale value of just $290 after the same period.
Things were clearly not great as soon as the first month after release, with Bank My Cell saying “in fact, the S9 lost 10.73% more of its resale value in the first month of release than the iPhone X did in nine months! Ouch.”
So far, it appears that the iPhone XS and iPhone XS Max are producing similar resale value, something that will undoubtedly be appreciated by buyers when the next iPhone rolls around at the end of this year.
Being able to move an older iPhone on in order to pick up a new one is one of the best ways to get your hands on the latest and greatest that Apple has to offer. However, if you’re using the hotted Samsung phone, it would appear you can expect to have to put more cash into the pot in order to upgrade.
(Source: Bank My Cell)
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