Research from musicMagpie reveals that old Android devices – in particular, Samsung handsets – can lose up to 35 percent of their value following a new release. So, with the imminent launch of new Samsung gizmos, customers are encouraged to sell now if they want to secure the best deal.
Customers trading in a Samsung Galaxy S10 can expect to earn up to £382 if they sell now, while those with a Samsung Galaxy S10+ could get up to £431. This value is set to decrease once the new Samsung models are on the market, so by trading-in early, customers can ensure they’re getting the most money for their old handsets.
musicMagpie’s research revealed that Samsung handsets lose an average of 55 percent of its value in the first six months on the market. Google Pixels see their value drop by 62 percent on average in the same period, while Huawei phones can lose up to 75 percent of their value in the first six months
Apple and OnePlus owners fare slightly better, with iPhones losing just 40 percent of the value on average in the first six months, and OnePlus handsets seeing a 54 percent decrease on average.
Liam Howley, chief marketing officer at musicMagpie, said: “With the new Samsung launching soon, lots of people are planning to upgrade. From our data, it’s clear that those people should sell their old phone now rather than wait around.”
The S9, for example, lost 73 percent of its value by the time the S10 arrived. A month before the launch, it had only lost 59 percent of its value – if you sold earlier, you’d have got an extra £100 towards your upgrade.
