Galaxy S23 has already lost a whopping 43.3% of its value – do phone
One approach to gauge the price of a smartphone is by its resale value. It’s believed that on common, smartphone customers maintain their telephones for two.5 years however in the event you like to change telephones yearly, an iPhone could also be your finest wager.
Pixel 7 vs Galaxy S23 vs iPhone 14 depreciation charges
The Galaxy S23 vary, with a beginning worth of $799.99, was launched on February seventeenth. Inside two months, the collection has depreciated by 43.3 %, implying that a used Galaxy S23 in “like new” situation is simply value 56.7 % of its unique buy worth. In distinction, the iPhone 14 household had lost solely 31 % of its value after two months.
Primarily based on that, it seems just like the Galaxy S23 has depreciated 1.4 instances sooner than the iPhone 14. The silver lining is that the Galaxy S23 just isn’t depreciating as quick because the Galaxy S22. SellCell says that the Galaxy S22 had depreciated thrice as a lot because the iPhone 13 two months after its launch.
iPhone 14 not nearly as good at retaining value as iPhone 13 was
However, the iPhone 14 is faring worse than the iPhone 13. After six months, the iPhone 14 is value 5.7 % lower than the iPhone 13 was value throughout a comparable interval.
On the finish of the day, the depreciation fee would not replicate a phone’s high quality. A excessive resale fee merely signifies that you may anticipate to get a good return in your funding once you resolve to promote your phone. In any other case, in the event you plan on holding on to your phone for a few years, the necessary factor to recollect is that each the Galaxy S23 and Pixel 7 might be supported for 5 years.
