Guest Post: Flipsy Discusses Why Used Smartphones Are Worth More Than Ever has some insights about used smartphone values. With the Galaxy S10 expected to cost $885 (and a souped-up version expected to go for more than $1,800) it’s no wonder more people are opting to buy used smartphones – and that’s good for sellers, because used smartphones are worth more than ever.

  • In 2016, the Galaxy S7 cost $699. One year later, it could be sold for $260 – a value retention of 37%
  • When released, the Galaxy S8 (2017) cost $750 and the Galaxy S9 (2018) cost $720. One year after release, each phone was worth $325 – retaining 43% and 45% of their values, respectively
  • That means the 2017-2018 Galaxy S models respectively retained 16% to 21.6% more of their original values after one year than 2016 models did

Market demand for used phones is increasing as many people don’t want to shell out a lot of money for new smartphones. Consider:

  • The average selling price of top-end smartphones has increased by $400 since 2015 (from $600 to $1,000, representing a 67% increase) (Deloitte)
  • The global used device market is expected to grow by 97% from 2017 to 2025 (from $19.7 billion to $38.9 billion) (Forbes)
  • At least 10% of the smartphones purchased in 2016 will still be in use in 2020 and beyond, many with three or more owners (half of those phones are traded in, half are sold on the private market) (Deloitte)

Given the surging used smartphone market, driven by increased demand and excellent flagship value retention, those buying the Galaxy S10 would be wise to offset their costs by selling their old phones. helps people get more money for their old phones by instantly comparing the highest-paying offers from more than a dozen Trust Verified stores. You can see how it works here:

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