Samsung Shows Your Galaxy Phone Is Now More Valuable – Forbes
Samsung’s Galaxy S24 is one of the company’s more valuable phones according to new data. … [+]
Samsung’s Galaxy S smartphones continue to follow the trend of increasingly holding their value as they age. Research suggests that the Galaxy S25 will follow the same path with a predicted depreciation of 57% after 12 months.
The data comes from the used-tech price comparison site Compare and Recycle, which compared resell rates for Samsung Galaxy models just before the Galaxy S25 was released last month. Compare and Recycle’s data shows that Samsung phones are holding more of their value with every release after 12 months, as shown below.
The site also found that phones with higher capacities depreciated faster than handsets with less storage. Compare and Recycle argues that this is largely due to their high initial price, which results in lower consumer demand.
For example, the Galaxy S24 Plus 512 GB lost 64% of its value in its first year compared to the Galaxy S24 Ultra 512GB, which lost 62% in 12 months.
The slowest depreciating Galaxy phones, the Galaxy S21 128GB and the S24 Ultra 256GB, lost 54% of their value in their first year. Despite being four years old, the Galaxy S21 range’s depreciation rate sits at a strong 57%. It’s worth pointing out that smartphones typically lose most of their value in the first 12 months, with second-hand pricing stagnating after that.
Samsung has made several moves in the last year to improve the value of its phones in the minds of buyers. The Korean company recently announced a trade-in program that will pay decent prices for used Galaxy phones without the need to buy a new handset. Then there is the new subscription club scheme that will pay back 50% of the Galaxy S25 purchase price if it’s returned within 12 months (with no new smartphone purchase necessary).
All of this is on top of Samsung’s consistent eye-wateringly high trade-in prices for years-old phones when buying a new device, alongside the seven-year software support promise that debuted in the Galaxy 24.
What is driving Samsung to make these moves? At least in part, the company’s forever war with Apple, which leads the market in keeping prices high for older iPhones. That, however, may be changing according to Compare and Recycle’s data.
The iPhone 15’s price dropped 55.57% in its first year, which is a 7.7% increase compared to the iPhone 14 (47.80%). Despite the iPhone’s average depreciation rate being lower than Samsung’s (and most other smartphones), Compare and Recycle predicts that the iPhone 16 might reach 60% depreciation after its first year in the market. Samsung’s Galaxy S25, which is predicted to have an average depreciation of 57%, may be able to catch up to its biggest rival.
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