It’s no surprise that cell phones depreciate fast with the endless volume of yearly releases – Your shiny new smartphone can quickly becom

Cell Phone Depreciation Statistics

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2021-06-18 01:00:04

It’s no surprise that cell phones depreciate fast with the endless volume of yearly releases – Your shiny new smartphone can quickly become outdated! Most consumers rely on trade-ins to minimize the ever-increasing price ticket on the latest smartphones, but as you’ll see below, some resale value drops will make them cry.

Through 2019-2020, cell phone trade-in site BankMyCell tracked almost 300 phones resale values from multiple vendors hourly, see what we discovered right here.

In the first year, on average, iPhones lost -23.45%; by year two, the total loss is -45.46%. The scary news for $700+ Android flagship users is, the average iPhone’s two-year loss is the same as their one-year depreciation -45.18%!

On average, Android devices with launch prices of $350 or under lose half their trade-in value in just one year. Owners of popular budget smartphone brands like Samsung, Motorola, LG, HTC, and Google lost an average of -48.65% of their trade-in value in 2019-2020.

The three iPhones released in 2018 make up 15.29% of trade-in on the site, and it’s no surprise, as they only lost an average of 23.45% in 2019, so consumers get buyback offers that make upgrades affordable.

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