Foldable smartphones have gained significant attention for their innovative designs and enhanced functionality. Recent models from companies like Honor, Samsung, and Google have made notable advancements in terms of durability and user experience.
The trend of foldable devices becoming thinner and lighter, while featuring expansive foldable screens, has captured the interest of tech enthusiasts. Samsung recently teased a tri-fold device with a unique three-screen design that transforms into a large tablet-style display. Speculation is also circulating about Apple potentially launching its first foldable iPhone in the near future, adding to the appeal of this evolving technology.
Despite the growing popularity of foldable phones, consumers should be cautious when considering a purchase. According to SellCell, a trade-in platform, foldable smartphones may experience a faster depreciation in value compared to traditional models. Research indicates that foldable devices can lose around 62.3% of their value within six months of release, a significant difference from the 49.8% depreciation rate of standard flagship phones.
SellCell’s data highlights that Samsung’s foldable devices, in particular, have seen a substantial decline in value, with a 63.7% drop in the first six months compared to the standard Galaxy S series’ 48.3% decrease. The rapid depreciation of foldables can be attributed to several factors, including their relatively new status in the market and the perception of non-foldable phones as more dependable and easier to repair.
SellCell emphasized that repairing foldable screens is more costly than traditional displays, making second-hand foldable models less attractive 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, with traditional smartphones remaining a more reliable choice for consumers and resellers.
In conclusion, while foldable smartphones offer exciting features, consumers should be aware that their resale value may diminish more rapidly than that of traditional devices.