Foldable smartphones have been making a significant impact in the tech world, with recent models from Honor, Samsung, and Google showcasing enhanced design, usability, and durability. These innovative devices are becoming increasingly thinner and lighter, featuring expansive screens that unfold like a book, generating considerable excitement among consumers.
Samsung recently teased a tri-fold device with three screens that unveil a large tablet-style display, while rumors suggest Apple may introduce its first foldable iPhone next year, further fueling the demand for this technology.
However, a cautionary note accompanies the allure of foldable phones. According to SellCell, a trade-in platform, these devices may experience a faster depreciation in value compared to traditional smartphones. SellCell’s data reveals that foldable phones can lose up to 15.4% more of their value within the first six months post-release.
The depreciation trend continues over time, with foldable devices losing an average of 62.3% of their value within six months, compared to 49.8% for non-foldable flagships. By the 18-month mark, foldables typically see a 71.1% drop in value, while non-foldables experience a 60.7% depreciation.
Among foldable device manufacturers, Samsung faces the most significant price decline, with a 63.7% loss in value within the first six months, in contrast to a 48.3% decline for the standard Galaxy S series.
SellCell attributes the rapid depreciation of foldables to several factors. These devices are relatively new in the market, making them less tested and familiar to resellers and buyers compared to traditional smartphones. Additionally, the cost of repairing or replacing foldable screens is higher, reducing the attractiveness of second-hand models for trade-ins or resale.
While foldables represent the future of technology, they are still in the early stages of adoption when it comes to value retention. Traditional smartphones remain the preferred choice for consumers and resellers due to their reliability, ease of refurbishment, predictable resale values, and established demand.
In conclusion, while foldable smartphones offer excitement and innovation, buyers should be aware of their potentially lower resale value compared to traditional devices.