A new report from an online retailer in the UK sheds light on the depreciation value of smartphones over a year. While Apple iPhones lose up to 41% of their value within 12 months, the number shoots up to 60% after 24 months. Meanwhile, Samsung Galaxy phones will reportedly depreciate by 64% after the first year and 77% after 24 months.
The revelation comes from musicMagpie, a UK-based company that specializes in refurbished electronics. The report titled Annual Phone Depreciation Report 2021, further mentions that the average smartphone user in the UK changes their phone every 16 months. This causes a depreciation of around 50% on the original value, musicMagpie found.
“The 10 phones which held the most of their value at 12 months are all iPhones – making them the better investment for people who are likely to trade their device back in every year to upgrade,” the report said (via).
The Huawei Mate 30 Pro lost the most value after 12 months
The inclusion of Apple and Samsung in the first and second place isn’t particularly surprising. However, OnePlus claims the third spot with a depreciation of 69% and 78% after years 1 and 2, respectively. Brands like Google and Huawei round out the top five list.
The Huawei Mate 30 Pro and the P20 have the unfortunate distinction of losing the most value after 12 months at 87% and 84%. This can be explained by the company’s inability to use Google Play Services on its phones. The lack of the Play Store is a massive disadvantage for Android phones selling outside China.
We also received some insight into how customers in the UK upgrade their phones. MusicMagpie’s report found that roughly 33% of the users don’t trade in their old devices. Additionally, older users are less likely to upgrade than younger customers. This isn’t a particularly surprising statistic.
“Our survey of 2,093 UK mobile phone users revealed that they will get a new phone because they are either eligible for an upgrade (24%) or their contract is ending with an existing phone provider (18%). As opposed to the 32% of people who will get a new phone because theirs is damaged,” the report said.
Ideally, manufacturers would want customers to upgrade their phones annually. But as this report illustrates, not everybody wants to.
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Source: ndroidheadlines.com