Had a discussion with some friends this weekend about the general disgust at the ever rising cost of the flagship phones. There's definitely a notice of buyer fatigue. Sure, the phones have cooler features, but the prices are rising more and more. Manufacturers just can't keep up with the tech so that they can dial in the process and reduce costs (at least that's my take on it).
Then the discussion on what to do with the old, and how much people want a 'deal' on an old phone.
Interestingly, in my email was this article from Flipsy where they state that the depreciation rates on used phones is twice that of a vehicle.
Vehicles, the ones we tend to talk about being bad 'investments' as they lose tons of value the moment you drive it off the lot. A phone is twice as bad as that.
Check out their article to see how bad it really is. Now, keep in mind that this is just based on their own website and what people are selling for, not really a true measure of 'worth', and as always there is that seemingly semi-bias that iPhones just are 'worth more' because people want to pay more for that I guess.
Then the discussion on what to do with the old, and how much people want a 'deal' on an old phone.
Interestingly, in my email was this article from Flipsy where they state that the depreciation rates on used phones is twice that of a vehicle.
Vehicles, the ones we tend to talk about being bad 'investments' as they lose tons of value the moment you drive it off the lot. A phone is twice as bad as that.
Check out their article to see how bad it really is. Now, keep in mind that this is just based on their own website and what people are selling for, not really a true measure of 'worth', and as always there is that seemingly semi-bias that iPhones just are 'worth more' because people want to pay more for that I guess.
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| https://flipsy.com/article/6227/phone-depreciation |