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Best time to sell your Samsung is now

What Mobile
February 18, 2019

Planning to upgrade to the new Samsung Galaxy S10 after its February 20, 2019 launch? Or do you have an old Samsung lying around in a drawer somewhere at home?

Whatever the reason for getting rid of your old Samsung, this week is the best time to sell, as new research from tech site musicMagpie has revealed that Android devices in particular, Samsung handsets could lose up to 35% of their value once the S10 is available.

Consumers who purchased the Samsung Galaxy S9 following its 2018 launch can expect to earn £300 if they trade-in now, and those who are looking to trade-in the S9+ could earn £340. This value is set to decrease once the S10 is on the market, so by trading-in early, consumers can ensure they are getting the most money from their old handsets.

musicMagpie’s research also found that S9 and the S9+ lost the same amount of value over a 10-month period, decreasing by 64% – this was more than any other previous Samsung model over the same time period.

Interestingly if the S10 follows the same depreciation pattern as its predecessors, such as the S6, S7, S8 and S9 models, it is set to lose at least 50% of its value in the first month after launch.

Liam Howley, Chief Marketing Officer at musicMagpie, said: With the S10 launch just around the corner, consumers looking to upgrade to the S10 can get more money for their old device now rather than after. The Samsung Galaxy S9 and S9+ lost the same amount of value in the same time and we’ve never really seen that in any other device range – usually, the newer version of the handset takes longer to lose value.

“While cars typically lose approximately 20% when driven off the lot, technology items can lose up to an average of 65% once they are taken out of the box, depending on the brand. It’s well documented in our bi-annual depreciation studies that iPhones hold their value better than Samsung devices, and it’ll be interesting to see how much more the Samsung Galaxy S9 will drop in value once the S10 is out.”

For more information on phone depreciation, please visit:https://www.musicmagpie.co.uk/phone-depreciation/

Current Trade in Values:

iPhone XS MAX 512GB

£870

iPhone XS MAX 256GB

£800

iPhone XS 512GB

£785

iPhone XS 256GB

£720

iPhone XS MAX 64GB

£720

iPhone XS 64GB

£640

iPhone XR 256GB

£566

iPhone XR 128GB

£526

iPhone X 256GB

£510

iPhone XR 64GB

£491

iPhone X 64GB

£460

iPhone 8 Plus 256GB

£400

iPhone 8 Plus 64GB

£360

Samsung Galaxy S9+

£340

iPhone 8 64GB

£310

Samsung Galaxy S9

£300

Huawei P20 Pro

£280

Samsung S8+ 64GB

£246

iPhone 7 Plus 128GB

£240

Samsung S8 64GB

£220

Google Pixel 2 128 GB

£220

iPhone 7 128GB

£180

Samsung S7 edge 32GB

£121

iPhone 6s Plus 16GB

£115

iPhone 6 Plus 16GB

£105

Samsung S7 32GB

£105

One Plus 5T 128 GB

£100

iPhone 6s 16GB

£95

Samsung S6 edge 32GB

£95

Samsung S6 32GB

£78

iPhone 6 16GB

£75

HTC 10 64 GB

£50

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