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Your Smartphone Loses Half Of Its Value In A Month: Study

Smartphone_6

New Delhi: Planning to buy a new smartphone? Remember that the device may lose half of its value in a month which is even faster than your car, says an interesting study.

While cars typically lost 20 per cent of their value a year after being driven off, money-draining smartphones went down up to 65 per cent of their value in just a month of being released, musicMagpie.co.uk, reported Business standards.

The findings showed that only iPhones could retain their value much better than android-based devices.

The highly anticipated Samsung Galaxy S4, which released in 2014 lost half of its value within two months of appearing on the market.

Phones go down in value because better, faster and technologically superior models replace them.

HTC One M9 has suffered the worst in the android sector. It was sold for 579 British pounds when released in March 2015 but lost a staggering 65% of its value in just a month.

Phones go down in value because better, faster and technologically superior models replace them.

Demand for a certain phone model can also affect its popularity and consequently depreciate its value, the report concluded.

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