Startup analyst firm Priceonomics has brought upon itself to study and create a report on how much the cost of old smartphones depreciate over time, including Apple iPhones, RIM BlackBerrys and Android-based handsets.
According to the research, Apple’s iPhones retained most of its original retail value whereas BlackBerry and Android smartphones lost a chunk of the original cost.
In perspective, an 18-month old iPhone will cost on average 53 percent of the original price, followed by Android at 42 percent and BlackBerry with 41 percent.
Specifically, iPhone owners can sell their handsets for $13.20 less per month of keeping it, whereas BlackBerrys and Androids lose more.
However, of all the Android smartphones in the market today, the HTC Wildfire, the Samsung Exhibit 4G and the Motorola Triumph are most likely to hold its value over time and sold for 86 percent of the original price.
Priceonomics also gave several tips on how to reduce total costs of purchasing a new phone and selling an old one.
One tip is to buy the iPhone with the lowest internal storage since larger built-in memory will set back consumers more than $100 and will only earn $10 when sold.
Another advice is to break a telecoms carrier contract and pay the early termination fee rather than going directly for a SIM-free handset since they cost more.
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