With it being almost a year since being announced the current generation iPhones still is worth a pretty penny.
It’s common knowledge that Apple’s 2018 iPhones are exorbitantly priced and for this, they receive a lot of harsh criticisms. However, new information has revealed that even though they are priced very steeply, they have still held their value even they are almost a year old. The same, unfortunately, can’t be said for Samsung’s Galaxy S10 line-up which was launched just a few months ago.
According to a research note by BankMyCell, the Samsung Galaxy S10 lost quite a lot of resale value in its first month than what the iPhone XS and XR did in the 9-months after it was launched. If numbers are what you’re after, then the Samsung Galaxy line-up dropped as much as 46.7 per cent in the first month they were available. In comparison, the iPhone XS and iPhone XR lost 42.9 per cent in 9-months after it was released.
In past years, iPhones have always held their own in comparison to Android smartphones and based on this information, the same has proven to be true. This comes at great news for Apple in a time when a demand for their handsets has faced a significant downturn.
According to the report, an iPhone XS which sells at USD 999 for the 64GB version is now worth about USD 566 for a used model which is about a 43.3 per cent drop. An iPhone XS Max with similar storage has dropped just 39.3 per cent over a 9-month period. A used iPhone XR with 64GB of storage was sold at USD 749 is now available for USD 451 and sees a mere 39.8 per cent drop. Samsung, on the other hand, isn’t faring that well as the 64GB model which is priced at USD 900 has dropped to USD 500 for a used handset and it witnesses a massive drop of 44 per cent in just a month. Some S10 models are seeing a drop of as high as 53.3 per cent which doesn’t bode well for its resale value.