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.
Bad news for Galaxy owners: A site for selling used phones says the S10+ has dropped in value.
Apple’s iPhone XR and XS range fared much better in the report, losing around 42% of value since release.
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.
Definitely, this is the moment of sadness for Samsung Galaxy S10 and Galaxy S10+ users as if the phone has depreciated by early upto 50% then there is no chance they can resale it to a good value for new Samsung phone purchase.