New information supplied by a trade-in web site reveals that an iPhone trade-in will get you twice as a lot as buying and selling in a comparable flagship Android smartphone a yr after to procure it. Each comparisons are calculated as a share of the acquisition value, to make sure that they’re like-for-like …
The distinction tails off barely at two years, however the used iPhone continues to be price very rather more than the used Android cellphone.
Commerce-in tracker web site BankMyCell ran the numbers.
The info under quotes the trade-in depreciation from the preliminary buyback value for a used iOS or Android machine priced at $700 or over, then tracks its decline yearly.
In a single yr, the present common depreciation of a brand new iPhone’s trade-in worth is -16.70%, in contrast with Android’s -33.62%.
In two years, the present common depreciation of a brand new iPhone’s trade-in worth is -35.47% in contrast with Android’s -61.50%.
After 4 years, the hole begins to shut, with iPhones dropping a median of -66.43% of their preliminary buyback worth, in contrast with Androids -81.11%.
The distinction grows even starker if you evaluate the resale worth of brand-new, boxed, unused gadgets.
9 months after the Samsung Galaxy S20 Extremely launch, the buyback value was -64.71% of its unique retail worth. By comparability, in the identical nine-month timespan from launch, the iPhone 11 Professional Max had misplaced -32.22% from its unique retail worth.
The report goes on to check comparable Apple and Samsung fashions.
iPhone 11 misplaced -12.84% of its trade-in worth in the entire of 2020, in contrast with the Galaxy S20 dropping -34.73% in solely 9 months.
iPhone 11 Professional misplaced -21.31% of its trade-in worth all through 2020, in contrast with the Galaxy S20+ dropping -30.59% in solely 9 months.
iPhone 11 Professional Max misplaced -15.96% of its trade-in worth in the entire of 2020, in contrast with the Galaxy S20 Extremely dropping -36.30% in solely 9 months
I’ve lengthy argued that evaluating Apple product pricing with cheaper competitor merchandise makes no sense until you additionally think about resale values.
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