Samsung Galaxy S10 depreciated by 50% in 30 days, says a report
Bad news for Galaxy owners: A site for selling used phones says the S10+ has dropped in value.
- I've been covering technology and mobile for 12 years, first as a telecommunications reporter and assistant editor at ZDNet in Australia, then as CNET's West Coast head of breaking news, and now in the Thought Leadership team.
The Samsung Galaxy S10 is already worth a lot less than what you paid for it.
Looking to trade in your Samsung Galaxy S10 ? Bad news: It's now worth half what you paid for it, according to a report by BankMyCell, a site that lets you sell your used phone.
The Galaxy S10e lost an average of 50.2% across all storage options in 30 days, the S10+ lost 47% and the S10 lost 42.7% in value, says BankMyCell.
This makes the phone "one of the fastest depreciating handsets since 2017," the report said.
Apple's iPhone XR and XS range fared much better in the report, losing around 42% of value since release.
"On a depreciation percentage basis, the Galaxy S10 range lost more in the first month [than] the iPhone XS/XR range has in 9 months," BankMyCell said.
Hardest hit was the S10e 128GB model, which fell from $750 new to just $350 in trade-in value after 30 days. The Galaxy S10+ 1TB phone went from being worth $1,600 to only $750 at trade in.
The report predicts the S10 will lose 65% of its value by March 2020.
Samsung didn't immediately respond to a request for comment.