Used Samsung Galaxies' value stays in line with used iPhones
Samsung picks up on Apple's series concept with the Galaxy line
Computerworld - The Samsung Galaxy S smartphone series has attracted rabid fans, with older-generation models keeping a residual value that rivals that of older-generation Apple iPhones, officials at trade-in site NextWorth said this week.
The value of many older smartphone models can drop significantly when re-sold, but both iPhones and Galaxy S smartphones do well for original owners with a residual value decline of about 5% a month, NextWorth officials said.
With the expected launch of the Galaxy S 4 on Thursday, the previous GS III should see a residual value decline of 5% a month, NextWorth said. When the Galaxy S III launched in 2012, NextWorth said it saw value declines of about 5% for both the original Galaxy S and the Galaxy S II.
"This kind of value decline before, during and after a new product release is something we have historically only seen with iPhone launches," said Jeff Trachsel, chief marketing officer at NextWorth. "It is one more indication that Samsung is creating a similar franchise with the fourth Galaxy, where new models are rabidly sought by owners of older generations."
NextWorth looked at the average selling price decline for used Galaxy S and SII smartphones from April to August of 2012 in reaching its conclusion.
When the Galaxy S III was announced in May of 2012, both previous generations declined in value by 5% from the prior month. NextWorth said the average price of a used Galaxy S was $180 in April 2012, while the used S II averaged $334.
By the time the SIII was released in June, the two prior devices lost another 6% or 7% of value, NextWorth said.
The new GS4 is expected to cost about $200 with a two-year contract. The $200 figure has been the subsidized price for the previous Galaxy S III when it was new on all the major U.S. carriers.
Unlocked prices for the new Galaxy S devices have been about $650.
Used Samsung Galaxy SII devices showed up Thursday on eBay selling for $250 to $350, but some of the bids were far less, as low as $44.
Matt Hamblen covers mobile and wireless, smartphones and other handhelds, and wireless networking for Computerworld. Follow Matt on Twitter at @matthamblen, or subscribe to Matt's RSS feed . His e-mail address is email@example.com.
- Studies show Sprint and T-Mobile need to expand U.S. coverage
- Gear Fit: Samsung strikes again with its 'build one of any device' plan
- Nokia Lumia Icon on sale Feb. 20 exclusively at Verizon
- Samsung hints at new UI for upcoming Galaxy S5
- How 'Lenovorola' changes the mobile world
- Google and Samsung grow cozier with patent deal, Motorola sale
- Should Sprint buy T-Mobile?
- iPhone, Samsung smartphone use by U.S. consumers jumps
- A mobile app reality check
- Verizon LTE getting AWS upgrades, even as execs admit to some performance 'hot spots'
Read more about Mobile/Wireless in Computerworld's Mobile/Wireless Topic Center.
- 15 Non-Certified IT Skills Growing in Demand
- How 19 Tech Titans Target Healthcare
- Twitter Suffering From Growing Pains (and Facebook Comparisons)
- Agile Comes to Data Integration
- Slideshow: 7 security mistakes people make with their mobile device
- iOS vs. Android: Which is more secure?
- 11 sure signs you've been hacked
- The Critical Role of Support in Your Enterprise Mobility Management Strategy Most business leaders underestimate the importance of tech support when they choose an EMM solution. Here's what to put on your checklist.
- Separating Work and Personal at the Platform Level: How BlackBerry Balance Works BlackBerry® Balance™ separates work from personal on the same mobile device, right at a platform level. Find out how it can work for...
- Protection for Every Enterprise: How BlackBerry Security Works Get an IT-level review of BlackBerry® Security, addressing data leakage protection, certified encryption, containerization and much more.
- Future Focus: What's Coming in Enterprise Mobility Management (EMM) Find out why Enterprise Mobility Management (EMM) solutions that are truly future-ready must be designed to enable Machine-to-Machine (M2M) capabilities and much more.
- Live Webcast On-demand webinar: "Mobility Mayhem: Balancing BYOD with Enterprise Security" Check out this on-demand webinar to hear Sophos senior security expert John Shier deep dive into how BYOD impacts your enterprise security strategy...
- Live Webcast Unmasking the Differences between Consumer and Enterprise File Sync & Share The consumerization of IT combined with the rapid pace of the modern mobile workplace is forcing enterprise IT teams to evaluate file sync...
- Live Webcast Workforce Mobilization for Improved Productivity A mobility research director from Aberdeen discusses reasons for extending legacy applications to mobile devices, and an integration strategist from Attachmate shows how...
- Getting Ready for BlackBerry Enterprise Service 10.2 Find out how BlackBerry® Enterprise Service 10 helps organizations address the full spectrum of EMM challenges, while balancing the needs of both the...
- Containerization Options: How to Choose the Best DLP Solution for Your Organization This webcast outlines a framework for making the right choice when it comes to containerization approaches, along with the pros and cons of... All Mobile/Wireless White Papers | Webcasts