Foldable smartphones have been making waves in the tech world with companies like Honor, Samsung, and Google pushing the boundaries of design and functionality. These devices are becoming increasingly sleek and lightweight, boasting expansive screens that unfold like a book, captivating consumers’ attention.
Samsung recently teased a tri-fold device featuring three screens that open up to reveal a large tablet-style display, sparking excitement among tech enthusiasts. Rumors also suggest that Apple may introduce its first foldable iPhone next year, potentially elevating the appeal of this innovative technology.
While foldable phones are gaining traction, there is a caveat to consider when purchasing one. According to SellCell, a trade-in platform, foldable devices may experience faster depreciation in value compared to traditional smartphones. SellCell’s data indicates that foldable phones can lose up to 15.4% more of their value within the first six months post-release.
On average, foldable devices tend to lose around 62.3% of their value within six months, whereas traditional flagship phones depreciate by 49.8%, reflecting a notable 12.5% variance in short-term value retention. Over 18 months, foldables typically see a depreciation of 71.1%, while non-foldable phones experience a loss of 60.7%, highlighting a long-term depreciation gap of approximately 10.4%.
Among foldable device manufacturers, Samsung faces the steepest decline in value within the initial six months, with a loss of 63.7% compared to 48.3% for their standard Galaxy S series.
The rapid depreciation of foldables can be attributed to several factors. These devices are relatively new in the market, making them less familiar and perceived as riskier investments compared to traditional smartphones. Repairing foldable screens is also considerably more expensive than repairing standard displays, diminishing the appeal of second-hand models for resale or trade-ins.
While foldable phones represent the future of technology, they are still in the early stages of adoption in terms of value retention. Consumers and resellers currently view traditional smartphones as more reliable due to easier refurbishment, predictable resale values, and established demand.
In conclusion, while foldable phones offer exciting features, potential buyers should be aware of the faster depreciation in value they may experience compared to conventional smartphones.