Buying a new phone can make you feel really excited because of the fact that this is the sort of thing that could potentially end up allowing you to get the chance to show off to some of your friends as well as potentially use some of the latest tech that is currently available out there. With all of that having been said and now out of the way, it is important to note that the brand new phone that you have just purchased is going to start dropping in value rather quickly. Understanding which phones tend to lose value the quickest and which ones manage to retain most of their value over the same period of item is crucial if you want to make the most of your purchase.
If you were to take a look at the worst performers in this regard, you would notice that this list is mostly populated by products from Google and Samsung, as revealed by Decluttr data. The Google Pixel 2 is by far the worst performer, losing a massive 77% of its overall value within the span of a single year. This means that if you spent $1,000 on it to buy it, you would only be able to get a measly $230 for the same phone after using it for just one year.
The Google Pixel 3 and Google Pixel 3 XL will also both lose 73% of their value in a year, whereas the number remains at a really high 72% for the Google Pixel 2 XL. Samsung does really poorly here too, with all Samsung models losing over 70% of their value in the same period of time. Only the Samsung 9+ manages to keep value loss at under 70%, although even in that example the loss in value is as high as 68%.
Now, if you were to check out the phones that retain the most value, this list would be more or less dominated by iPhones and the like. Apple’s products have a tendency to remain valuable even long after they have been released so this is something that you can use to your advantage in a lot of ways. Right now the iPhone 11 seems to be your best bet if you want to spend money on a phone that won’t lose too much of its value since this phone appears to only lose about 37% of its value in the space of a year so there is a lot to be gained from buying it.
Now, if you have a phone that has been devalued a lot since you have started using it, you might start to feel like you have wasted your money with all things having been considered and taken into account. However, you should know that this is not exactly the case. In fact, a service provider like Decluttr might be just what the doctor ordered since this service can help you see just how much your phone is worth and can give you up to four weeks to decide during which the offered price is going to remain locked.
A lot of the value in phones tends to diminish due to the reason that quite a few people seem to be rather hesitant about selling their phones as they don’t think they will be worth all that much. Besides, the process by which you might end up selling your phone can be a little complicated, so the fact that Decluttr is around will probably make it far more likely that you would get rid of your old phones. This can keep the phones moving around and going to new owners rather than just lying in a desk and waiting to be thrown away which is generally what ends up happening to them.
Read next: Android users may not be planning on switching to the new soon to be introduced iPhone range like they do every year
If you were to take a look at the worst performers in this regard, you would notice that this list is mostly populated by products from Google and Samsung, as revealed by Decluttr data. The Google Pixel 2 is by far the worst performer, losing a massive 77% of its overall value within the span of a single year. This means that if you spent $1,000 on it to buy it, you would only be able to get a measly $230 for the same phone after using it for just one year.
The Google Pixel 3 and Google Pixel 3 XL will also both lose 73% of their value in a year, whereas the number remains at a really high 72% for the Google Pixel 2 XL. Samsung does really poorly here too, with all Samsung models losing over 70% of their value in the same period of time. Only the Samsung 9+ manages to keep value loss at under 70%, although even in that example the loss in value is as high as 68%.
Now, if you were to check out the phones that retain the most value, this list would be more or less dominated by iPhones and the like. Apple’s products have a tendency to remain valuable even long after they have been released so this is something that you can use to your advantage in a lot of ways. Right now the iPhone 11 seems to be your best bet if you want to spend money on a phone that won’t lose too much of its value since this phone appears to only lose about 37% of its value in the space of a year so there is a lot to be gained from buying it.
A lot of the value in phones tends to diminish due to the reason that quite a few people seem to be rather hesitant about selling their phones as they don’t think they will be worth all that much. Besides, the process by which you might end up selling your phone can be a little complicated, so the fact that Decluttr is around will probably make it far more likely that you would get rid of your old phones. This can keep the phones moving around and going to new owners rather than just lying in a desk and waiting to be thrown away which is generally what ends up happening to them.
Read next: Android users may not be planning on switching to the new soon to be introduced iPhone range like they do every year
