FOUNDATION MAGAZINE FINANCIAL ADVICE STOCKLETTERS PORTFOLIO PMS BOOKS
BUY
Your smartphone loses half of its value in a month!
IANS 16 June 2016
Planning to buy a new smartphone? Remember that the device may lose half of its value in a month which is even faster than your car, says an interesting study.
 
While cars typically lost 20% of their value a year after being driven off, money-draining smartphones went down up to 65% of their value in just a month of being released, musicMagpie.co.uk reported on Thursday.
 
The findings showed that only iPhones could retain their value much better than android-based devices.
 
While the iPhone 4 continues to retain 39% of its value even five years after its launch, the iPhone 6 (16 GB) has managed to keep 50% of its 539 British pounds market value a year after its release.
 
However, iPhone 5 showed a significant depreciation, losing 66% of its value after eight months, the report stated.
 
The highly anticipated Samsung Galaxy S4, which released in 2014 lost half of its value within two months of appearing on the market.
 
That's nearly a £300 loss off its original selling price of £579, the study said.
 
HTC One M9 has suffered the worst in the android sector. It was sold for 579 British pounds when released in March 2015 but lost a staggering 65% of its value in just a month.
 
Phones go down in value because better, faster and technologically superior models replace them.
 
Demand for a certain phone model can also affect its popularity and consequently depreciate its value, the report concluded.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
Comments
ICICI Pru
ICICI Bank credit card
IDFC
  • EDITORS'
    PICKS
  • MOST
    POPULAR
  • MOST
    READ
Free Helpline
Legal Credit
Feedback
Buy Now!

Absolute Power

Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam

View Options

The Scam: Now in it's 12th Printing

29 Years Of The Scam: The Perennial Bestseller, reads like a Thriller!
#Scam92: Read the actual story.

Buy Now Gift Know More

Moneylife Online Magazine

Fiercely independent and pro-consumer information on personal finance.

1-year online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.

Buy Now Gift Know More

Monthly Digital Access

Fiercely independent and pro-consumer information on personal finance.

30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.

Buy Now Know More

Full Archive access

Fiercely independent and pro-consumer information on personal finance.
Complete access to Moneylife archives since inception ( till the date of your subscription )

Buy Now

Stockletters in 6 Flavours

Outstanding research that beats mutual funds year after year

Buy Now Know More

MAS360: Complete Online Financial Advisory

(Includes Moneylife Online Magazine)

Buy Now Know More
We are listening!
Reset
Success!

To continue

Please

or

With