Apple has outdone its rivals again, with a newly published study revealing that iPhones hold their value on the second hand market much better than Android or Research in Motion phones.
Priceonomics released the study on used phones after analysing all iPhone versions, 70 Android models and 30 BlackBerry models.
All the smartphones analysed were grouped into categories, according to their time on the market. The obvious conclusion was that the better the phone, the more resale value it has, with the lower end phones depreciating at a faster rate.
However, Priceonomics made the rankings more figure orientated and also gave some advice for people wanting to get the most out of their old phone. "After using your iPhone for 18 months, it still retains 53% versus 42% for Android, and 41% for BlackBerry. That's $312 of cash value if you resell your old iPhone on eBay or Craigslist," the study's author explains.
Apparently, a few months after buying an iPhone 4S, it could be sold for not far off the retail value, however, according to Priceonomics an Android smartphone would have gone down by "hundreds of dollars in value" over that period.