Samsung Galaxy S22's resale value dramatically plunged by nearly half its retail price a few months after it debuted at the end of February, contrary to the holding value of Apple's iPhone 13.
A man walks past an advertisement for the Samsung Galaxy S22 smartphone at the company's Seocho building in Seoul on April 28, 2022.
Samsung Galaxy S22
The flagship smartphone of the South Korean phone maker, the Samsung Galaxy S22, is one of the best Android mobile devices out there, as per SamMobile.
The Galaxy S22 flaunts next-generation flagship specs, such as a buttery smooth 120Hz refresh rate AMOLED display and the all-new Qualcomm Snapdragon 8 Gen 1 (or the Exynos 2200 for the European market).
Samsung Galaxy S22 Resale Value Plummets
However, it turns out that months after the release of the Galaxy S22, its holding value is significantly going down, reaching nearly half its retail price tag.
The brand new Galaxy S22 5G with 256GB of storage retails for $849.99, while the S22+ sells for $1,049.99. The top-of-the-line model aptly called the Ultra variant costs a hefty $1,599.99 for its 1TB option.
That said, owners of Galaxy S22 likely spend around that price range to get the flagship mobile device. However, a recent study by Sell Cell showed that the value of their mobile device these days is roughly half of what they paid for.
A visitor holds a Samsung Galaxy S22 smartphone on the opening day of the MWC (Mobile World Congress) in Barcelona on February 28, 2022.
The study by Sell Cell looked into the average trade-in values of the latest Samsung flagship phones, Apple's iPhone, and Google Pixel 6 models one to two months after they first reached the market.
Among the three devices, the S22 took the most hit, losing around 51.1% of its brand new price since it first saw the light of day.
Android Authority did the math in its recent report, saying that the Galaxy S22+ lost up to $574.99 on its current holding value.
It is to note that the Plus variant of the Samsung phone carries the most dramatic depreciation among its siblings with a staggering 57.5% for its good condition, while the "almost new" counterpart goes down by 53.8%.
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Apple iPhone 13 Resale Value
On the other hand, the flagship phone of Apple, the iPhone 13, holds the most value among the other latest mobile devices.
LONDON, ENGLAND - SEPTEMBER 24: LONDON, ENGLAND - SEPTEMBER 24: Apple launches the iPhone 13 in the UK at its Regent Street store on September 24, 2021 in London, England. (Photo by Ming Yeung/Getty Images)
Interestingly, the iPhone 13 Pro Max resale value only lost roughly about 4.7%, at least for its "good" condition.
Meanwhile, the "like new" condition of the most expensive Apple phone only depreciated by 3.8% since it launched way back on Sept. 14, 2021.
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