Foldable smartphones have been a game-changer in the tech world, with recent models from Honor, Samsung, and Google showcasing enhanced design, usability, and durability. These devices are becoming increasingly sleek and lightweight, boasting expansive screens that unfold like a book, capturing the attention of tech enthusiasts.
Samsung recently teased a tri-fold device with three screens that unveil a large tablet-style display, sparking excitement among consumers. Rumors are circulating that Apple might introduce its first foldable iPhone next year, potentially elevating the appeal of this cutting-edge technology even further.
While foldables are gaining popularity, potential buyers should proceed with caution. According to SellCell, a trade-in platform, foldable phones tend to depreciate in value faster than traditional smartphones. In the first six months post-release, foldable devices can lose up to 15.4% more of their value compared to standard flagship phones.
SellCell’s analysis reveals that on average, foldable devices lose about 62.3% of their value within six months, significantly higher than the 49.8% depreciation rate for traditional flagships. Over an 18-month period, foldables typically lose 71.1% of their value, while non-foldable phones experience a 60.7% depreciation rate.
Samsung appears to be most affected by price drops in the foldable market. SellCell’s data indicates that Samsung’s foldable devices see a considerable decline in value, with a 63.7% loss within the first six months, compared to 48.3% for the standard Galaxy S series.
The rapid depreciation of foldables can be attributed to several factors. These devices are relatively new compared to traditional smartphones, leading to uncertainty among resellers and buyers. Foldables are perceived as less reliable, costlier to repair or replace, and riskier for consumers, especially in the second-hand market.
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 innovative features, potential buyers should be aware of their faster depreciation rate compared to traditional devices. It’s essential to consider these factors before investing in a foldable phone.
