{"id":11375,"date":"2020-07-02T19:12:28","date_gmt":"2020-07-02T19:12:28","guid":{"rendered":"https:\/\/www.sellcell.com\/blog\/?p=11375"},"modified":"2020-07-02T19:12:29","modified_gmt":"2020-07-02T19:12:29","slug":"sellcell-smartphone-cost-comparison-analysis","status":"publish","type":"post","link":"https:\/\/www.sellcell.com\/blog\/sellcell-smartphone-cost-comparison-analysis\/","title":{"rendered":"SellCell SmartPhone Cost Comparison Analysis"},"content":{"rendered":"

Price Comparison Site, SellCell.com, Releases Cost Comparison Analysis, Detailing which Cell Phones Retain their Value the Most Over Time<\/strong><\/h2>\n\n\n\n

The world\u2019s largest cell phone trade-in price comparison site, SellCell.com<\/a>, has released a new cost comparison survey that details which cell phones will be worth the most two years after purchase. <\/p>\n\n\n\n

The SellCell analysis looked at the five most popular brands on the market – iPhone, Samsung, Google, Sony and LG – and compared their 2018 MSRP with their trade in value this month. <\/p>\n\n\n\n

Industry statistics show 51 percent of iPhone users upgrade every 2 years while 47 percent say they wait until their phone stops working. Roughly 40 percent of Android users upgrade every 2 years while 58 percent wait until their phone stops working. Nearly all of these cell phones are resold on the market or traded-in with the mobile carrier. <\/p>\n\n\n\n

The SellCell analysis found the iPhone XR (64 GB)<\/a> maintained the most value when it was resold or traded in for a new phone, depreciating by 53 percent. Researchers with SellCell found the LG G7 ThinQ (64 GB)<\/a> was worth the least amount of money, losing nearly 90 percent of its value over the same 2-year period. <\/p>\n\n\n\n

The COO of SellCell, Sarah McConomy, said the analysis compared prices across 35 popular cell phone trade-in companies on the web – including Amazon, Gazelle, Decluttr and others. Pricing was calculated by the average trade-in price pulled from each buyback company. <\/p>\n\n\n\n

\u201cMany consumers might think the iPhone is too expensive but when it comes to trading in that iPhone a few years later that phone will actually put more money back in your pocket than other phone brands,\u201d said McConomy. \u201cCompare that to other brands on the market and you will see the phone is worth far less 2 years later.\u201d <\/p>\n\n\n\n

McConomy said the biggest drop in value comes as the manufacturer prepares to launch a new model. She recommends consumers try to sell their device prior to a new model coming out to prevent the biggest drops in price. For example, the 2018 MSRP for the iPhone XS Max (64 GB) was $1099 when it was unveiled. In October, 2019, that phone could be sold for $580<\/a>, but today it\u2019s only worth $475. <\/p>\n\n\n\n

In contrast, the 2018 MSRP for the LG G7 ThinQ (64 GB) was $749 and worth $112 in October 2019. Today, it can be sold for $77 in the resellers market. <\/p>\n\n\n\n

A Closer Look at the SellCell Cost Comparison<\/strong><\/h3>\n\n\n\n

The following data from SellCell shows the phone\u2019s 2018 MSRP, the depreciation rate as of June 2020, and the average resale value of the phone when using SellCell to trade it in right now. <\/p>\n\n\n\n