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Used Samsung Galaxies' value stays in line with used iPhones

Used Samsung Galaxies' value stays in line with used iPhones

Samsung picks up on Apple's series concept with the Galaxy line

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 mhamblen@computerworld.com.

Read more about mobile/wireless in Computerworld's Mobile/Wireless Topic Center.


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