Foldable smartphones have been making waves in the tech world with companies like Honor, Samsung, and Google enhancing their design, usability, and durability. These futuristic devices are getting sleeker and lighter, featuring expansive screens that unfold like a book, captivating tech enthusiasts.
Samsung recently teased a tri-fold device with three screens that transform into a large tablet-style display, hinting at the ongoing innovation in foldable technology. Rumors swirl around Apple potentially introducing its first foldable iPhone next year, which could further boost the appeal of this cutting-edge technology.
Despite the growing popularity of foldables, a cautionary note emerges regarding their resale value. According to SellCell, foldable phones may experience a faster depreciation rate compared to traditional smartphones, with an average value drop of 62.3% within six months for foldables versus 49.8% for standard flagships.
SellCell’s data reveals that Samsung’s foldable devices, in particular, suffered a significant value decline of 63.7% in the first six months, outpacing the standard Galaxy S series with a 48.3% loss. The rapid depreciation of foldables can be attributed to several factors, including their novelty in the market and perceived reliability issues compared to traditional smartphones.
While foldables represent the future of technology, they are still in the early stages of adoption in terms of value retention. Repairing foldable screens is notably more expensive than standard displays, making second-hand models less appealing for resale. As a result, traditional smartphones remain a more reliable choice for both consumers and resellers due to easier refurbishment, predictable resale values, and established demand.
In conclusion, while foldable phones offer exciting possibilities, potential buyers should be aware of the faster depreciation rates compared to traditional smartphones, impacting their long-term value.
