Why do Samsung phones depreciate fastest over time?

If you buy a smartphone of any brand, it will lose value over time. You can’t expect it to retain its original value. This decrease in value is termed as depreciation. Samsung is a well-known brand and one of the biggest competitors of Apple. It is known for its wide range of innovative products such as TVs, home appliances and mobile phones. In addition, they sell exceptional mobile phones in terms of advanced technology and quality. Samsung flip and Samsung fold are the perfect examples of that. However, according to the latest report, Samsung Phones are depreciating fastest over time.

Here are the factors that are affecting its value:

  • Market saturation:
    You have too many options to choose from if you are an Android user. There are plenty of competitors which makes it hard to sustain a phone’s value. The number of new phones that come out each year pushes the old ones further and further to the bottom. You have a wide range of Samsung series to choose from, and enormous options that are available to buy can saturate the market.
  • Operating System Inflexibility (Android):
    You have anywhere from 1-1.5 to 3 years before the Android operating system stops supporting your Android phone. This is because Google can’t format and optimise the software for older phones. Instead, it supports new phones with new hardware which creates a major issue with Samsung phones. On the other hand a 5-year-old iPhone 8 remains strongly supported by new iOS updates. So, it retains value by being able to update to the latest software.
  • Insignificant performance difference :
    Mobile phone companies launch new phones each year, so the devices don’t seem to be falling behind. These annual upgrades give the perception that the company is innovating each year. However, the new model significantly reduces the value of its previous model. If you notice them closely, you will find no significant performance differences between new and old mobiles. For example, Samsung Galaxy S22 uses Qualcomm’s latest Snapdragon 8 Gen 1 processor, whereas Samsung Galaxy S21 uses Snapdragon 888, while the storage and memory options have remained the same. There are differences between the two phones, but they don’t have a meaningful impact on the experience. Samsung S22 can lose almost two-thirds of its value in two months. It’s a surprisingly massive depreciation for the latest smartphone.

Sell Your Used Samsung Phone and Get Maximum Cash with Mobile Guru Australia

Although Samsung phones lose their value faster in comparison to Apple, you can still get a reasonable price with Mobile Guru Australia. However, before you sell your mobile, it’s essential to know its value. There’s no need to worry because there are only three simple steps to follow:

1. Go to the Sell section
2. Select your iPhone’s model and specifications
3. Fill in the condition of your phone

You will notice that the estimated value will pop up on your screen. If you are happy with the price, you can proceed to create a sell order for sending your device to us. There are two options to send your device to our team: Self-post your phone or drop off at our store. Regardless of your choice, you will not need to pay shipping charges. Upon receiving your mobile, our expert team verifies its condition. Some aspects we assess are:

1. Battery health
2. Water damage
3. Third-party installed screen
4. Defects in screen or body
5. Cracks, chips or dents

We’ll send you a revised quote if the phone does not match the said condition. However, if you are happy with the offer, we’ll process the payment on the same day. Our goal is to offer maximum cash possible for your mobile. So, what are you waiting for? Visit https://www.mobileguruaustralia.com.au/ to get the best Samsung mobile price, or call us on 1300 362 017 for more information today!