New Delhi: If you are planning to buy a smartphone, then think twice. A study says that the device may lose half of its value in a single month which is even faster that a car.
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 on Thursday.
The findings showed that only iPhones could retain their value much better than android-based devices.
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.