Time and again iPhones prove their value, not only regarding performance but also in terms of money users get when they trade in their iPhones.
Apple’s last release was iPhone X, and this year, its trade-in value stands at a staggering 68%, leaving every all other smartphones far behind.
Trade-in Value of iPhone X Leaves Other Smartphones Far Behind
According to a report published by liquidation specialist B-Stock in July, the average resale value of an iPhone X was 85% of the retail price. This was a record for an iPhone at that point in the sales cycle.
It is now just a week left for the announcement of new iPhones from Apple, and iPhone X still holds the trade-in value of 68%. The report notes that Samsung’s flagship phones have painted an opposite picture completely.
Even as many reports claim that Apple is likely to sell its iPhone XS or Xs at cheaper rates (starting from $800), people are willing to pay 68% of the retail value of iPhone X, which is now almost a year old.
Apart from iPhone X, other iPhones also hold better trade-in value than other Android phones. iPhone X has depreciated 32%, iPhone 8 45% and iPhone 7 44%. Surprisingly, Samsung Galaxy S9+ is now available at half of its original value five months after its launch.
Notably, other Samsung phones have shown weak trade-in value and depreciated by between 58% and 59%.
Look at the comparison of smartphones that have lost their value in the first year.
As mentioned above, iPhone X has depreciated the least, and in the stark contrast, HTC Desire 820 has depreciated the most by 95% in the first year.
When the company announces its new models, it certainly affects the prices of older phones. Since Apple manufactures high-quality hardware and software, its iPhones maintain better trade-in value than other smartphones available in the market.
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