- Motorola has the highest depreciation rate, above 85%.
- Apple performs better in retaining its value.
- Nine of the ten most traded-in smartphones of 2021 were iPhones from Apple.
In today’s market, clients interested in buying a new smartphone confront various options. In addition to the questions on the brand, there is also the cost. Moreover, the aspect of retaining value after buying is critical. According to a data presentation by CryptoMonday, Motorola phones depreciate very fast. Their average depreciation rate stands above 85% per year.
Reacting to the findings , the CEO of CryptoMonday had this to say:
Jonathan MerryMotorola had a lousy year in 2021. The Motorola One Hyper had the poorest performance of any handset traded during 2021. It lost an astounding 85.7% of its value over the year. The Razr is similarly in a deplorable state, having lost 85.3% of its value over the previous year. The Motorola One 5G had a decrease in value of 83.8% and currently sits in fourth place. The trend shows how Motorola is quickly depreciating.
Motorola’s low resale value is disturbing users who plan to sell their gadgets after using them for a year.
Trade-in Trends
Apple’s iPhone took nine positions out of the ten most resold smartphones. The iPhone 11 assumed the first position, followed by the iPhone XR, and the iPhone 12 Pro Max took third place.
The research also established that men outnumbered women in 2021 in exchanging their smartphones. Besides, the age bracket of 25 to 34 traded the most in smartphones, accounting for about 28.04% of all trades. Furthermore, only 6.57% of traded technology belonged to those over 65.
Android vs. IOS
Considering all factors and Apple’s ability to do things uniquely, the iPhone 12 series performed the best. Moreover, it held its capacity to maintain its value over time.
Additionally, CryptoMonday found that the value of the iPhone 12 Pro Max dropped by only 31.7% throughout 2021. This is an impressive accomplishment.
The Google Pixel 5 also did reasonably well. It appeared at position five among the top five phones that have experienced the least amount of depreciation. Although its value dropping by over 50% is not exactly great.
Generally, IOS performs better in maintaining their value compared to android phones. Most androids have a high depreciating value, as the research revealed.
