Samsung Galaxy S10 Experienced A Decrease Of 50% In Value Within 30 Days After Launch

Believe it or not, the Samsung Galaxy S10 is now just half the price you paid to buy it at the first place, stated by a report from BankMyCell, a website where people come to sell their used phones.

In particular, within 30 days, the S10e lost around 50.2 percent of its worth with all storage options. Meanwhile, the Galaxy S10 lost 42.7 percent and the Galaxy S10+ lost 47 percent in value, according to BankMyCell.

With this information, Samsung Galaxy S10 series has become one of the smartphones with the fastest depreciation since 2017, according to the report.

The report also pointed out the iPhone XS and iPhone XR, which lost approximately 42 percent worth since their release. Regarding depreciation percentage, the S10 lost more value in its first month than the XS and XR did in 9 months, the site pointed out.

The S10e suffered from the hardest hit, with an over 50 percent decrease in price, from Rs 52,015 ($750) to Rs 24,274 ($ 350) in trade-in value after a course of 30 days. Regarding the Galaxy S10+ 1TB, the trade-in value dropped from Rs 110,958 ($1,600) to Rs 52,015 ($750).

As predicted by the report, the S10 may lose 65 percent of its worth by March 2020.

The Samsung Galaxy S10 series came to the Indian market in early March 2019, after announcing the devices at the UNPACKED event held in late February. At the time, the world was so eager to see the phones with a bunch of leaks and rumors months before the official event. When the series first came to India, the S10e was priced at Rs 55,900 for 6GB of RAM and 128GB of internal storage. Meanwhile, the S10’s highest cost was Rs 84,900 for 8GB of RAM and 512GB of internal storage; and the S10+ came with the highest price tag of Rs 117,900 for 12GB of RAM and 1TB of internal storage.