this iPhone 7 came out three years ago I
could sell it and still get a couple
hundred dollars for it but if it was an
Android phone it would be a very
different story
why can I get so much for this
three-year-old phone right now on eBay I
used I've won seven goes for around 150
to sometimes over $200 but a Galaxy s7
which also came out in 2016
sells for under a hundred this is true
for sites like Best Buy and suavo - it
doesn't matter where you shop use the
iPhones always cost more than the same
generation of Android phone and you have
to pay even more if you want a certified
refurbished phone buying a refurbished
iPhone 7 plus from Apple still costs
four hundred and eighty dollars
unfortunately all phones lose value as
soon as you take them out of the box
even a used iPhone 10s which came out
last year sells for around 700 to 800
dollars on eBay that's twenty to thirty
percent less than the original price but
reports have shown that after a year I
phones retain around fifteen percent
more value than samsung phones and it's
even worse for other Android phone
manufacturers like LG the LG G a think
you came out in March it costs eight
hundred and fifty dollars new but used
it sells for just three hundred to four
hundred dollars that's more than a 50%
loss in just four months so why do we
consider old phones to be worth so much
less for better or worse the smart phone
upgrade cycle is quick every year you
know there will be new phones with new
features a big reason for buying that
new phone is because your current phone
is slow or out of date but this is where
Apple has a big advantage since Apple is
in complete control of the iPhone they
can choose to support products for a
longer period of time and they're more
transparent about how long a phone will
be supported that means your old funking
at the newest features and security
updates iowa's 12 even supports the
iPhone 5
which came out in 2013 in fact Apple
reports that 85% of iPhone users have
installed the latest software Android P
on the other hand they only have 10%
adoption data from 2018 showed that the
iPhone 6s and 7 are still very popular
phones and Apple is bringing LS 13 to
both of these phones that means the
iPhone 6s has been supported through
five software versions
that's not something any Android phone
can say and thanks to these updates
older iPhones remain more popular and
can be sold for more money companies
like Samsung and LG are slow to bring
new versus Android to their devices it
takes time to modify Android for each
phone and companies might not be
motivated to bring new versions to
phones that are several years old and it
can be tough to tell how long your
device is supported although the speed
of Android updates has gotten better
over the last couple years of course
iPhones also have the best brand
recognition people are willing to trust
a used iPhone 7 more than one plus 6
because they know what they get with an
iPhone and unless you of us have a
person who watches a review of every new
Android phone it can be tough to keep up
with each release new iPhones on the
other hand are released every September
but there are some things that Android
phone manufacturers can do to improve
their phones resale values getting new
versions of Android faster is a huge
advantage if you buy Google's own pixel
phones you know you'll get Google's
software updates right away so you might
be more likely to stick with that device
and phones that don't modify stock
Android very much usually perform better
in the long run oneplus phones for
example don't pack on a lot of extra
features on top of Android as a result
they still run great years after they're
released but one thing does remain true
I phone or Android try to sell your
phone before they release a new model
phones drop in value almost immediately
after anyone has announced so when that
shiny new iPhone gets released
consider buying used instead of new you
can save a lot of money by buying last
year
latest greatest and now that
thousand-dollar phones of the norm by a
phone that you can use for more than
just a year or two