Used phone depreciation figures revealed
Wednesday, July 17, 2013 - 11:30:09
A new report into the state of the mobile phone recycling market has revealed a surprising trend in the way that the values of handsets depreciate over time.
A new mobile phone is a little like a car in that as soon as you buy it and take it out of the box, it is instantly worth significantly less than the retail price. Depreciation for phones is sharper than almost anything else because there is such a fast turnover of fresh, cutting-edge handsets hitting the market.
According to Phones Review, there has been a serious dip in the resale value of smartphones from Samsung and Motorola in the first half of 2013, with depreciation being recorded as much steeper than in previous periods.
Usually a phone will lose about a fifth of its value in the first six months, but Motorola models lost an average of 36.24 per cent, while Samsung handsets suffered a 27% depreciation over this span.
Part of the problem for Samsung owners is that this manufacturer is almost constantly announcing new, improved handsets, rendering existing models obsolete, almost as soon as they first go on sale.
Of course, the long term popularity of a device also plays a significant role in the amount of value that it is able to retain, which is something that the Apple iPhone range and, to a lesser extent, the Samsung Galaxy S range, can both offer.
Interestingly, it seems that while Apple remains one of the most regularly recycled brands, it has seen its share reduced by a fifth over the past six months, perhaps as a result of more people becoming aware of mobile recycling.
Comparing phone values before you recycle is sensible because this will allow you to get the best possible deal.
Latest News
Wednesday, May 13, 2020 - 10:32:41
Every industry around the world has been impacted by the ongoing coronavirus pandemic, and recycling has been especially affected as a result of force [...]
Read More
Wednesday, May 6, 2020 - 21:33:36
Apple has pulled back the curtains on the all-new iPhone SE, bringing with it a raft of eco-friendly design features which aim to improve the green cr [...]
Read More
Wednesday, April 29, 2020 - 21:32:00
Researchers from New Zealand have demonstrated a new recycling solution which could help companies to reclaim rare materials from smartphones, PCs and [...]
Read More