Since the launch of first smart phone in 2007 by iPhone the trends in mobile phones has changed dramatically. The global mobile phones arena has changed its course and the behaviour of users has also changed. The product life cycle of mobile phones is much less as compared to mobile phones launched and use4d before the advent and mass production of smart phones.  As the product life cycle has shortened the depreciation has also gained momentum. The last decade not only witnessed massive advancements in mobile phone technology but has also witnessed many major players of mobile phones market disappear and their share taken over by new entrants. For instance, in 2007, Nokia’s market share was over 40% of global mobile phones which declined to mere 3.1% in 2013.  Those manufacturers who went with the new trends and adopted new technologies were able to gain more market share without any difficulty.

Mobile phones have become a necessity for almost everyone in this day and age and everyone wants to move on with the technology rather than being left behind.  Currently both Samsung and Apple mobile phones cover more than 60% of Global mobile phones market. At the same time a study by a UK based recycling company states that on average mobile phones manufactured by both Appel and Samsung lose 3% of their value every month after being launched. Other than selling your working your mobile phones, you can always sell iPhone 7 with a broken screen. Many recyclers buy broken and faulty mobile phones. Although the amount offered for broken iPhones is far more than what you can get for a broken Samsung and the main reason for that is, the expensive screen repair cost of a Samsung.

Despite the depreciation trend you can always take steps which will let you be in a position where you can get a better offer for your old mobile phone.

Tips to get most for your old mobile phone

Plan your upgrades and make sure you sell your old iPhone before the release of the newer model. The same goes to Samsung Models.

Always go for a highest possible capacity as newer operating systems including IOS and Android always take more space which leaves less room for other data. In return, mobile phones with higher capacity always tend to depreciate slower than the ones with low capacity.

Keep your mobile phone safe from marks and scratches. It always helps when you sell your old mobile phone.