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Why Used iPhones Cost More Than Used Android Phones - YouTube
Channel: Tech Insider
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Narrator: This iPhone 7
came out three years ago.
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I could sell it
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and still get a couple
hundred dollars for it.
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But if it was an Android phone,
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it would be a very different story.
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Why can I get so much for
this 3-year-old phone?
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Right now on eBay a used
iPhone 7 goes for around $150
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to sometimes over $200.
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But a Galaxy S7, which
also came out in 2016,
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sells for under $100.
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This is true for sites like
Best Buy and Swappa, too.
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It doesn't matter where you shop,
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used iPhones always cost more
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than the same generation of Android phone.
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And you have to pay even more
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if you want a certified refurbished phone.
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Buying a refurbished
iPhone 7 Plus from Apple
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still costs $480.
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Unfortunately, all phones lose value
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as soon as you take them out of the box.
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Even a used iPhone XS,
which came out last year,
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sells for around $700 to $800 on eBay.
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That's 20% to 30% less
than the original price.
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But reports have shown that after a year,
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iPhones retain around 15% more value
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than Samsung phones.
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And it's even worse for other
Android phone manufacturers,
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like LG.
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The LG G8 ThinQ came out in March.
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It costs around $850 new, but used it
sells for just $300 to $400.
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That's more than a 50% loss in just three months.
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So why do we consider old
phones to be worth so much less?
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For better or worse, the
smartphone upgrade cycle is quick.
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Every year you know
there will be new phones
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with new features.
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Tim Cook: This is iPhone X.
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Narrator: A big reason
for buying that new phone
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is because your current phone is slow
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or out of date.
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But this is where Apple
has a big advantage.
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Since Apple is in complete
control of the iPhone,
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they can choose to support products
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for a longer period of time.
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And they're more transparent
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about how long a phone will be supported.
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That means your old phone
can get the newest features
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and security updates.
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IOS 12 even supports the iPhone
5s, which came out in 2013.
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In fact, Apple reports
that 85% of iPhone users
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have installed the latest software.
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Android P, on the other hand....
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Cook: They only had 10% adoption.
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Narrator: Data from 2018
showed that the iPhone 6s and 7
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are still very popular phones.
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And Apple is bringing iOS
13 to both of these phones.
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That means the iPhone
6s has been supported
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through five software versions.
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That's not something any
Android phone can say.
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And thanks to these updates,
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older iPhones remain more popular
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and can be sold for more money.
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Companies like Samsung and LG are slow
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to bring new versions of
Android to their devices.
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It takes time to modify
Android for each phone,
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and companies might not be motivated
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to bring new versions to phones
that are several years old.
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And it can be tough to tell
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how long your device is supported,
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although the speed of Android updates
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has gotten better over
the last couple of years.
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Of course, iPhones also have
the best brand recognition.
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People are willing to
trust a used iPhone 7
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more than a OnePlus 6
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because they know what
they get with an iPhone.
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And unless you're the type of person
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who watches a review of
every new Android phone,
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it can be tough to keep
up with each release.
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New iPhones, on the other hand,
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are released every September.
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But there are some things that
Android phone manufacturers
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can do to improve their
phones' resale values.
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Getting new versions of Android
faster is a huge advantage.
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If you buy Google's own Pixel phones,
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you know you'll get Google's
software updates right away.
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So you might be more likely
to stick with that device.
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And phones that don't modify
stock Android very much
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usually perform better in the long run.
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OnePlus phones, for example,
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don't pack on a lot of extra
features on top of Android.
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As a result, they still run great
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years after they're released.
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But one thing does remain
true, iPhone or Android:
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Try to sell your phone before
they release a new model.
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Phones drop in value almost immediately
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after a new one is announced.
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So when that shiny new
iPhone gets released,
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consider buying used instead of new.
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You can save a lot of money
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by buying last year's latest and greatest.
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And now that thousand-dollar
phones are the norm,
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buy a phone that you can use
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for more than just a year or two.
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