Foldable smartphones have been making waves in the tech world with impressive designs and enhanced durability. Brands like Honor, Samsung, and Google have been at the forefront of this trend, constantly improving the user experience with devices that are thinner, lighter, and feature expansive foldable screens.
Samsung recently teased a tri-fold device with three screens that unfold into a large tablet-style display, generating excitement among tech enthusiasts. Speculations are also circulating about Apple possibly introducing its first foldable iPhone in the near future, which could further drive the popularity of foldable technology.
While foldable phones have captured consumer interest, there is a caveat to consider. According to SellCell, a trade-in platform, foldable phones tend to lose their resale value faster than traditional smartphones. The data suggests that foldable devices can depreciate by up to 15.4% more within the first six months of release compared to standard flagships.
SellCell explained that on average, foldable devices experience a 62.3% drop in value within six months, while traditional flagships see a 49.8% depreciation during the same period. Over 18 months, foldables can lose around 71.1% of their value, highlighting a 10.4% difference in long-term depreciation compared to non-foldable phones.
Notably, Samsung’s foldable devices face significant price drops, with a value decline of 63.7% in the first six months, surpassing the 48.3% reduction seen in the standard Galaxy S series.
SellCell attributes the rapid depreciation of foldables to several factors. These devices are relatively new, making them less tested and familiar to consumers compared to traditional smartphones. Additionally, repairing or replacing foldable screens is more costly, reducing the appeal of second-hand models for resale or trade-ins.
While foldables represent the future of technology, they are still in the early stages of adoption in terms of value retention. Traditional smartphones remain a more reliable choice for consumers and resellers due to easier refurbishment, predictable resale values, and established demand.
In conclusion, while foldable smartphones offer exciting features, potential buyers should be aware of their faster depreciation compared to standard devices when considering resale or trade-in options.