Everybody knows that smartphones lose value over time, some more quickly than others. It seems the former is true for the Galaxy S22 series. A new report highlights that the Galaxy S22 series is losing its value almost thrice as fast as the iPhone 13.
However, it's not surprising. iPhones are known to hold their value over a longer period of time. Even though Samsung makes some of the best Android phones on the market, they could do a better job at holding their value for longer.
Trade-in with Samsung for the best value
SellCell analyzed the trade-in values for the Galaxy S22, the iPhone and the Google Pixel 6 across months one and two since each device was launched. It found that the Galaxy S22 lost the most value on average at 51.1% compared to the iPhone 13 at 16.4%. The Pixel 6 came in second place with an average depreciation of 43.5%.
The report goes into a bit more detail about model-wise depreciation and how the trend develops in month two after launch. Trade-in values for the Galaxy S22 series don't seem to drop any further in the second month. This suggests that there might be some support at this level and the values could even rebound at some stage.
This should only bother you if you're a Galaxy S22 owner that's not going to buy another smartphone from Samsung. Trading your Galaxy flagship for another device elsewhere is going to cost a lot of money. The better option will always be to trade in for another Samsung device directly for Samsung as the company gives some of the best trade-in values for Galaxy devices.
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