After Samsung’s Unpacked event where lots of new tech was announced the Galaxy Note 10 has seen significant levels of depreciation. According to Decluttr Samsung devices lose 28% of their value in the first year of their release.
With the Galaxy Note 20 series announced at Unpacked this year, the value of the Note 10 was always going to experience depreciation. The hype around other devices such as the Galaxy Z Flip 5G and Galaxy Z Fold 2 will have also had an impact on this.
Samsung devices fare better than other manufacturers
Although an average 28% decrease in price for trade-in may seem like a lot, in fact, compared to other manufactures it is quite impressive. On average a typical mobile device depreciates by 36% in just twelve months.
However, on older devices, the prices begin to decrease significantly as the years go by. For example, the Galaxy S10+ (128gb), loses up to $126 each year. Whilst the Galaxy S10 (128gb), loses up to $99 each year.
The message, therefore, is that to get the most back from you Samsung devices from trade-in, do it sooner rather than later. Samsung devices tend to hold their value in the short term but it drops off after that. If you are going to trade-in make sure you do in the first year or two of that device’s release.
What is your Samsung device worth?
Decluttr has provided the current values for a range of Samsung devices for trade-in. These are ‘up to’ values meaning that this is the most a device of this specification can go for. A device would only fetch this much if it is in good condition.
It also sometimes makes a difference which carrier the device is with. Devices tend to go for more if they are unlocked.
- Galaxy Note 10+ (256gb, good condition) – $462
- Galaxy Note 10 (256gb, good condition) – $378
- Galaxy Note 9 (512gb, good condition) – $261
- Galaxy Note 8 (256gb, good condition) – $153
- Galaxy S10 (512gb, good condition) – $397
- Galaxy S9 (256gb, good condition) – $180
- Galaxy S8 (64gb, good condition) – $96
These figures nicely show the trend illustrated above. Newer devices hold their value quite well with the Note 10+ and S10 still fetching a good price. However, as you go through the devices it gets worse quickly.
From the Note 9 to 8 the price difference is over $100 and it is almost $90 between the S9 and S8. It demonstrates that each year for the older devices loses them a lot in price.
Overall, Samsung devices seem to hold their value reasonably well. Whether this will change over time is anyone’s guess. However, if you are planning on trading in a Samsung mobile, definitely make sure you go for it sooner rather than later.