Foldable smartphones have been making waves in the tech world with impressive designs and enhanced durability. Brands like Honor, Samsung, and Google have been pushing the boundaries of innovation in this space.
The trend towards foldable devices is gaining momentum as they become thinner, lighter, and feature expansive screens that unfold like a book, captivating consumers with their futuristic appeal.
Recently, Samsung teased a tri-fold device with three screens that unveil a large tablet-style display, hinting at the evolution of foldable technology. Speculations are also swirling about Apple potentially launching its first foldable iPhone, further fueling interest in this market.
However, a cautionary note accompanies the excitement surrounding foldables. Reports suggest that these devices may experience faster depreciation in value compared to traditional smartphones. SellCell’s analysis indicates that foldable phones can lose up to 15.4% more of their value within the first six months post-release.
SellCell highlighted that on average, foldable devices depreciate by about 62.3% within six months, whereas traditional flagship phones see a 49.8% decrease, emphasizing a significant disparity in short-term value retention. Over 18 months, foldables tend to lose around 71.1% of their value, while non-foldables depreciate by 60.7%, indicating a long-term trend of faster depreciation for foldables.
Notably, Samsung faces challenges in maintaining the value of its foldable devices, with SellCell’s data revealing a steeper decline of 63.7% in the first six months compared to the standard Galaxy S series at 48.3%.
SellCell attributes the rapid depreciation of foldables to their novelty in the market and perceived reliability issues. Traditional smartphones are viewed as more dependable, easier to repair, and less risky for consumers, particularly in the pre-owned market.
While foldables represent the future of technology, they are still in the early stages of adoption concerning value retention. Repairing or replacing foldable screens comes at a higher cost than standard displays, making second-hand foldable models less appealing for trade-ins or resale.
In conclusion, while foldables offer an exciting glimpse into the future of smartphones, potential buyers should be aware of the faster depreciation rates compared to traditional devices when considering their investment in this evolving technology.