How often would you say you upgrade your phone? If you upgrade it every year or every other year, one good way to get rid of your old phone would be to either sell it off or trade it in. This will help offset the cost of your new phone. However, if you are planning to get a foldable, note that these phones will not hold as much resale value compared to traditional smartphones.
Foldable phones lose resale value
According to a recent report by SellCell, it found that when it comes to foldable phones, its resale value does not hold up quite as well compared to traditional phones. The report claims that foldables actually lose up to 15.4% more resale value.
The report claims on average, foldable devices lose about 62.3% of their value in the first 6 months. But how does this compare to regular smartphones? SellCell estimates that regular phones lose about 49.8% of its value in the first 6 months. This means not only do you spend more on a brand new foldable, but you won’t recoup as much if you do decide to sell it off.
Interestingly enough, Samsung’s foldables experience the steepest decline. The report says Samsung phones see a 63.7% loss in value in the first 6 months. This is compared to other foldables, like Google’s Pixel Fold series, which loses about 58.1% of its value. But if we’re looking at which foldable brand holds its value the best, that would go to OnePlus. While the company hasn’t released a new foldable in a while, the OnePlus Open lost 55.2% of its value in the first 6 months.
But why is it?
It’s not hard to see why foldable phones lose their value faster than regular phones. One of the main concerns when buying a secondhand smartphone is battery life. Second would be the overall condition of the phone, like if there are scratches to the body, display, and camera lens. Other than that, there’s really not too much else that you need to be bothered about.
However, foldables are a different story. You have those concerns, but now you have to wonder about the overall durability of the display. This is because the displays of foldables have a finite lifespan when it comes to opening and closing them. You also don’t know if the original user took care not to press on the crease, or if dust and debris got caught in the hinge.
Ultimately, this means you’d be taking on a bigger risk buying a refurbished foldable. However, if you are curious about foldables, furbished models are a less expensive way to see if the form factor is for you. Also, based on SellCell’s report, you might be able to find one that’s at a lower-than-expected price.
The post Foldable Phones Lose More Resale Value Than Regular Smartphones appeared first on Android Headlines.
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