Your new Galaxy S23 has already lost over 40% of its value

Your brand-new Galaxy S23 flagship may have already lost more than 40% of its original value. That’s according to the phone trade-in comparison platform SellCell. They claim that the Galaxy S23 loses 43.3% of its value within the first two months of launch. Google‘s Pixel 7 fares worse with a 45.9% drop in value two months post its launch. The iPhone 14 retains the most value, depreciating just 31% over the same period.

SellCell recently compared the depreciation data of the aforementioned three phones for the first two months after launch. On average, a “like new” Galaxy S23 phone loses 41.1% of its value in the first month, and 43.3% by the end of two months. If the device is only in a “good” condition, the depreciation rate is 43.8% and 47.7%, respectively. The 1TB Galaxy S23 Ultra depreciates the fastest.

Among the latest Google Pixels, the 256GB Pixel 7 depreciates faster than other variants. Overall, the Pixel 7 series lost 43.1% of its value in the first month and 45.9% two months after its launch. That’s for a “like new” device, though. For a “good” condition Pixel 7, the average depreciation rate is 44.9% in the first month and 51.1% by the end of the second month.

The value decline of Apple’s iPhones has been historically less sharp than for Android devices and it was no different for the latest models. SellCell’s estimates show the iPhone 14 series lost 32.3% and 31% of its value in the first two months on average, respectively. This depreciation rate for a “good” condition iPhone 14 is 36.2% and 35%. Interestingly, the new iPhones regained some value in the second month after the usual first-month decline.

Samsung Galaxy phones are closing the depreciation gap with Apple iPhones

While iPhones hold value for much longer than Android devices, Samsung is reportedly doing better than other Android vendors. The Galaxy S23 lineup lost marginally less value in the first two months than the Galaxy S22 (43.3% vs. 46.8%).

The iPhone 14, on the other hand, lost its value almost twice as fast as the iPhone 13 in the first two months (31% vs. 16.4%). In other words, the Galaxy S23 depreciated 1.4 times faster than the iPhone 14. The Galaxy S22 had lost three times its value compared to the iPhone 13 in the same time frame.

Of course, the depreciation rate isn’t a measure of your phone’s quality. Even if the iPhone 14 is depreciating faster, it doesn’t mean the iPhone 13 is better. Likewise, the Galaxy S23 or the Pixel 7 losing more value than the iPhone 14 only indicates that its resale value is lower.

If you plan to hold onto your phone for a long, both of these devices are guaranteed five years of security updates. The Galaxy S23 will also get four major Android updates (until Android 17). The Pixel 7 is only guaranteed three major updates (until Android 16).