Samsung Galaxy S23's value depreciates faster compared to its competitor, the iPhone 14 series.
This photograph shows a Galaxy S23 Ultra smartphone on Samsung's stand at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2023. (Photo by Pau BARRENA / AFP)
This detail was shared by a new study conducted by SellCell; a U.S.-based trade-in firm.
This is a big deal since many consumers have already purchased the latest Samsung Galaxy S23 series, especially the S23 Ultra model.
Knowing the value depreciation rate of your smartphone can help you know if it is worth re-selling once you want to have a new device.
If you own a Samsung Galaxy S23 smartphone, here's what you need to do before trading it in or selling it.
Does the Samsung Galaxy S23 Series have faster depreciation rate?
According to Express UK's latest report, the fast value depreciation rate of the Samsung Galaxy S23 series could convince many consumers to switch to iOS smartphones.
People walk past an advertisement for Samsung Galaxy S23 phones at the company's Seocho building in Seoul on April 7, 2023. - Samsung Electronics said on April 7 it expected first-quarter operating profits to plunge over 95 percent on-year to a 14-year low, as memory chip sales were hammered by a global downturn.
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For the past years, Apple's iOS handsets have been well-known for their slow value depreciation rate, giving them a huge advantage over their competitors.
This 2023, SellCell revealed that this value depreciation trend is still there. "Despite the Samsung Galaxy S23 catching up a touch, it still hasn't managed to outdo the iPhone 14," said the trade-in company.
"However, with Samsung closing the gap, could we see a turn in fortune when the brand launches its next generation of smartphones?" added SellCell.
Galaxy S23 vs. iPhone 14 Depreciation Rate
Via its official blog post, SellCell claimed that the value depreciation rate of the Samsung Galaxy S23 series is 1.4 times faster compared to the iPhone 14 series.
In numbers, the Galaxy S23 series loses 41.1% of its original value after one month. After two months, it loses 43.3%.
On the other hand, the value of the iPhone 14 series depreciates by 32.3% after a month. After two months, it loses 31%.
For those who already purchased the Galaxy S23 Ultra, it is worth noting that its original value ($1,619) will drop by almost half; making it lose around $780.
You can click this link to learn more details.
In other stories, the Samsung Keyboard App drains the batteries of some Galaxy models. Meanwhile, the new iPhone 15 Pro might not have solid-state buttons, as claimed by Kuo.
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