Cell Phone Depreciation

Our discussion about depreciation last week got me thinking, "What's the depreciation value of cellular phones?" For most people nowadays, switching phones every now and then is a trend. But how much money are they really losing?

According to a report from priceonomics, brand new cell phones lose a big percentage of their value over the first year! As a matter of fact, the average cell phone loses about 50 % of its value during its first year! (With the exception of iphones, of course!)

So would changing phones all the time save you money? No! Therefore, the next time you're going to buy a brand new phone, make sure it's for keeps!

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Checked by: Professor Crisencio Paner