Report : Smartphone loses half its value in a month

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New Delhi : Planning to buy a new smartphone? Remember that the device may lose half of its value in a month which is even faster than your car, says an interesting study. Cars typically lost 20 per cent of their value a year after being driven off, money-draining smartphones went down up to 65 per cent of their value in just a month of being released, musicMagpie.co.uk reported on Thursday.

The findings showed that only iPhones could retain their value much better than android-based devices. Phones go down in value because better, faster and technologically superior models replace them. Demand for a certain phone model can also affect its popularity and consequently depreciate its value, the report concluded.

Phones go down in value because better, faster and technologically superior models replace them. Demand for a certain phone model can also affect its popularity and consequently depreciate its value, the report concluded.

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