Why Foldable Phones Lose Value
A recent report from the British company Compare and Recycle has revealed that foldable smartphones are rapidly losing their market value compared to traditional phones, with depreciation rates exceeding 57% within the first year of use and an average depreciation of around 70% in the resale market. This decline is primarily due to concerns over durability, especially with flexible screens and hinges, which are more susceptible to damage, as well as high repair costs that discourage consumers from purchasing used devices. Despite the decreasing value, experts expect improvements in durability and reduced repair costs to boost consumer confidence, which in turn could lead to more stable prices in the resale market in the future.
Notice: This Is an AI-Generated Summary
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