Many smartwatches don’t have great value retention according to a new independent study, with a lot of them losing up to 60% of their value after six months. Smartwatches have become more mainstream with a large number of options that will appeal to different groups of people. Whether you’re the outdoorsy type or you simply want something sleek with a lot of functionality, there’s a smartwatch out there for you.
Smartwatches can also cost a lot of money depending on the model, with some from Garmin costing more than $1,000 for the versions that will charge via solar power. Even smartwatches like the recently released Pixel watch 5 can be considered expensive these days, as its starting price is now up to $399, compared to the $349 of last year’s Pixel Watch 4.
The value retention of smartwatches is higher the more expensive they are
According to a report by Wareable, smartwatches have better value retention if they cost more at full retail. Based on a study it did by tracking 6,372 used smartwatch listings on eBay, smartwatches have lost up to 60% of their value within six months. Not all models lost this much value. Premium watches, on average the report states, only about 37%-38% of their initial value within that six-month period. For example, a Garmin Fenix 8 has an average price of $1,133. After six months, Wareable tracked that it had kept about 72% of that value, losing $321 cash lost.
Meanwhile, a watch like the Samsung Galaxy Watch Ultra, which typically had a retail price of $650, lost about $362 of its cash value, which is about 44% of its value retention. The study shows that there are some outliers. The watch with the best value retention is the Coros Pace 4. On average it retails for $249 and after six months, it kept about 76% of its value, having only lost about $59 of its cash value.
The post Some of the most popular smartwatches lose 50% or more of their value after 6 months appeared first on Android Headlines.
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