Samsung’s new foldable lineup sure is interesting, especially the Galaxy Z Fold 8. That phone managed to attract a lot of attention for all the right reasons. However, if you’re planning to buy one, there’s something you should know.
New report claims that foldables lose their value faster than any other smartphone
According to a new report by Compare and Recycle, foldables lose their value faster than any other smartphone on the market. So you should keep in mind that the resale value of foldables is not as high as you may think.
Antonia Hristov, tech expert and head of marketing at the company, said: “Across both Samsung’s Galaxy Z Flip and Fold series and Google’s Pixel Fold, we found that these high-priced, innovation-driven devices have proven to be the fastest depreciating smartphones on the market within their first year of release.”
She continued: “Every foldable model analysed lost at least 57% of its retail value within 12 months, with several models exceeding 80% depreciation.”
On average, foldables lose 70% of their RRP in the first 12 months
On average, foldables lose 70% of their original RRP in the first 12 months, which is around 10-15% worse than typical flagship smartphones from the same brands. With RRPs ranging from £949 ($1,243) to over £2,000 ($2,620), even an average percentage depreciation can translate into £1,000+ ($1,310+) in value lost within one year of ownership.
If the Galaxy Z Fold 8 Ultra ends up depreciating at the average rate of 70%, that could bmean a loss of over £1,300 in value within just 12 months. As a reminder, the phone starts at £1,899. This report is from a UK, hence the UK prices.
What’s interesting is that interest in foldable smartphones has grown by 360% in the past year, says the company. Antonia added: “Until foldable technology matures and demand stabilises, consumers should view these devices as high-depreciation luxury tech rather than long-term investments.”
The post Foldable Phones Lose Value Faster Than Any Other Smartphone appeared first on Android Headlines.
