Android phones lose twice as much value as iPhones in first year

When we buy a phone, most of us hope that it’ll last for a couple of years. We also hope that it’ll still have some decent buyback value at the end of its life. However, the buyback value depends a lot on the brand and model of the device you own.

According to a report from BankMyCell, a site that tracks trade-in prices for phones, Android flagships lose twice as much value (-33.62%) in the first year compared to an iPhone (-16.70%). After two years, an Android phone’s price drops by 61.50% as compared to 35.70% of an iPhone. Notably, this data doesn’t take limited-time brand or carrier offers into account.

Credit: BankMyCell