Why is my smartphone losing value?

  • Date : 10 March 2023

Smartphones have become an integral part of everyday life, and for many of us they are almost indispensable. However, despite their importance, smartphones have a limited lifespan and lose value over time. In this article, we will look at why smartphones are losing value and why it is important to understand this phenomenon.

Competition from new smartphones

Technological obsolescence is the main reason why smartphones lose value over time. Smartphone manufacturers are constantly releasing new models with more advanced features, faster processors and better cameras. When a new model is released, older models are considered obsolete and lose value.

Used materials

In addition, the battery life of smartphones is limited, which means that the battery starts to degrade after a few years of use. This results in reduced battery life, making the phone less convenient to use. Screens are also an important element that can cause smartphones to lose value. If a screen is scratched, cracked or damaged, this can significantly reduce the value of the phone.

Finally, smartphones are also susceptible to physical damage such as drops and bumps. Even if your smartphone is equipped with a protective shell and tempered glass, an accident can still happen and cause irreparable damage. Repairs can be expensive and this can also reduce the value of your phone.

It is important to understand that the loss of value of smartphones is a natural phenomenon. It does not mean that your smartphone no longer works properly or is useless. It simply means that new technologies have advanced and new models are available with more advanced features.

Don’t wait any longer!

It is therefore important, when considering selling your phone, to do so as soon as possible. The longer you wait, the more the value of your phone will decrease. That’s why the ObyO app is a good alternative if you want to sell your smartphone for the best price.

In conclusion, the loss of value of smartphones is inevitable, but by taking care of your phone and choosing wisely when and where to sell it, you can maximise its value.