iPhone 15 Vs Samsung Galaxy S23- Phone With Higher Resale Value?

Apple and Samsung are two of the leading smartphone brands with excellent products ruling the market. For instance, let’s talk about the iPhone 15 and Samsung Galaxy S23. Both these smartphones have outstanding features and this is something you already know. But did you know the resale value of iPhone 15 vs Samsung Galaxy S23? Here, we are comparing, iPhone 15 with Samsung Galaxy S23, but not in terms of features. Instead, we will be looking at how much money you can get for them when you want to sell them. So, what do you think, which has a higher resale value? Any guesses?

I know, if you are an android lover then you will go with S23 and if ardent Apple fan, then you will say “Always Apple”. So, in this article, let me explain the key differences between iPhone 15 vs Samsung galaxy s23 and also discuss about their resale values. Get ready, tech fans, because this is going to be fun!

Quick Comparison of  iPhone 15 and Samsung Galaxy S23

Let’s compare the features and functionality of both phones before looking at their resale values.

Resale Value of iPhone 15 with Cashify 

If you sell your iPhone 15 through Cashify, you’ll get the most money for it based on a few factors like its model, condition, remaining warranty, and other things they check. For instance, if you’re selling an iPhone 15 with 6GB RAM and 128GB storage, you could get Rs 35,790 for it, which is the highest price you can find in the market.

Thus, iPhone 15 has depreciated 55.21 per cent since its launch.

Also Read: Hottest deals on Refurbished iPhone 15

Resale Value of Samsung Galaxy S23 with Cashify 

Similarly, if you decide to sell your Samsung Galaxy S23 with 8GB RAM and 128GB storage on Cashify, you could get Rs 24,980 for it. That’s the amount they’ll pay you for your phone, and it’s a pretty good deal.

During the launch the price of Samsung Galaxy S23 was Rs. 74,999, thus it has depreciated by 66.69%.

iPhone 15 or Samsung Galaxy S23 which has depreciated more?

According to the Cashify data, we have found out that iPhone 15 has depreciated 55.21 per cent since its launch in September 23. We also know that Samsung Galaxy S23 has depreciated by 66.69% since its launch in February 23. This difference in depreciation rates highlights a few additional insights:

Launch Timing and Market Stability: Despite being launched later in the year, the iPhone 15 shows a slower depreciation rate. The Samsung Galaxy S23 has depreciated 11.48% more than the iPhone 15 since their respective launches.

This indicates a more stable market perception or better timing in terms of competing product releases and consumer demand cycles. Typically, products that launch later in the year benefit from holiday sales and consumer buying trends, which affects the initial depreciation of these products.

Brand Strength and Resilience: Apple’s iPhone’s slow rate of depreciation further illustrates its strong brand resilience. Apple products often maintain their value longer due to the brand’s reputation for quality, ecosystem integration, and consistent user experience.

Consumer Confidence: The iPhone’s release closer to the year-end might also coincide with a period when consumers are more willing to invest in technology, perhaps due to holiday shopping seasons, which could help sustain its value longer initially.

Product Features and Updates: The features and updates provided in the iPhone 15 also play a role in its lesser depreciation. Apple’s continuous system updates and feature enhancements contribute to a longer lifespan for their devices, maintaining consumer interest and market value.

These points suggest that the iPhone 15, despite being introduced later in the year, has managed to depreciate at a much slower rate than the Samsung Galaxy S23. Now, let’s discuss in detail the resale value of both the phones.

Which Phone’s resale value is more iPhone 15 or Samsung Galaxy S23? 

When you compare the resale value of the iPhone 15 vs Samsung Galaxy S23 with Cashify, it’s clear that the iPhone 15 holds a higher resale value. Let me share the top reasons for this:

Higher Resale Value: The iPhone 15 with 6GB RAM and 128GB storage has a resale value of Rs 35,790, whereas the Samsung Galaxy S23 with 8GB RAM and 128GB storage fetches Rs 24,980. This indicates that the iPhone 15 commands a higher price in the resale market compared to the S23.

Brand Preference: Apple iPhones hold their value better than Samsung Galaxy phones due to their brand preference. Many consumers are willing to pay more for an iPhone compared to an Android phone like the Samsung Galaxy S23.  Looking at market trends and various online stores where people sell their old phones, we notice something interesting.

 iPhones from the same year as Samsung’s S series usually have higher resale values, often 20-30% more than Samsung’s top phones. This means that if you compare the resale prices of an iPhone and a Samsung phone from the same year, the iPhone tends to sell for a higher percentage of its original price.

Demand: iPhones generally have higher demand in the resale market, which drives up their resale value. The popularity and desirability of iPhones contribute to their higher resale prices compared to other brands.

Depreciation : When it comes to how much phones are worth over time, iPhones keep their value better than Android phones, especially in the first few years. Here are some numbers to show you:

• In the first year, an iPhone loses about 16.7% of its value, while an Android phone loses about 33.6%.
• By the second year, an iPhone loses about 35.5% of its value, but an Android phone can lose about 62.5%.

So, if you’re thinking about selling your phone after a year or two, an iPhone might be worth more money compared to an Android phone.

Also Read : 20 Best iPhone 12 Tricks And Tips- Full Power to You

Why should you care about the resale value of iPhone 15 vs Samsung Galaxy S23?

Let me explain it to you this way. When you buy a phone, you’re not just spending money. You’re also making an investment. Someday, you might want to sell that phone and get a new one. When that time comes, you want to get as much money back as possible, right?

That’s where resale value comes in. It’s like the amount of money you can get when you sell your phone later on. If a phone has high resale value, it means you can sell it for a good price, even after using it for a while.

A high resale value can indicate how valuable your smartphone is in the market, but a lower resale value doesn’t necessarily mean the phone is of poor quality. If you’re thinking about keeping your phone for a long time, what really matters is how well it performs and the quality of its camera. These features can make it a worthwhile investment, regardless of its resale value.

Also Read: Apple iPhone Vs Samsung Galaxy S Which Has Best Resale Value?

Where to sell iPhone 15 or Galaxy S23 to get the maximum resale value?

To understand the resale value of iPhone 15 vs Samsung Galaxy S23, you first need to know which platform offers the best value for these phones.

When you want to sell your Apple iPhone 15 or Samsung Galaxy S23, getting the most money for it is super important. That’s where Cashify helps you. It is trusted by hundreds of Cashify is the best place to sell your phone for a bunch of reasons.

1. Easy Process: Selling your old phone shouldn’t be a headache, and with Cashify, it isn’t. Their platform makes it super easy and convenient to sell your phone online. You don’t need to be a tech expert to navigate through their simple process.

2. Trusted Platform: When you’re selling something valuable like your iPhone 15 or Galaxy S23, trust matters. Cashify has a great reputation and lots of happy customers. So, you can trust them to handle your sale with care and professionalism.

3. Quick Payments: Who likes waiting around for their money? With Cashify, you don’t have to. They make sure you get paid fast for your device. So, you can have cash in hand without any unnecessary delays.

4. Additional Incentives: Cashify goes the extra mile to make selling your phone worth it. They offer extra perks like exchange bonuses and vouchers, which add even more value to your sale. It’s like getting a little bonus for choosing Cashify.

5. Doorstep Delivery: Say goodbye to the hassle of shipping your phone. With Cashify, they come to you. Their doorstep delivery service makes the whole process super convenient and secure. You can relax knowing your phone is in good hands.

Also Read : How Much Resale Value To Expect On Selling Apple iPhone 12 Pro Max Right Now?

Conclusion 

And now you know, iPhone has higher buyback value when it comes to resale value of iPhone 15 vs Samsung galaxy s23 Is higher. There are a few reasons for this. iPhones keep their value better than Samsung phones, especially those from the same year as Samsung’s top models. Also, more people want to buy iPhones, so they can sell for higher prices. Plus, iPhones lose their value slower over time compared to Samsung phones.

If you want to sell your iPhone 15 or Galaxy s23 safely and for the best price, Cashify is the best option. It’s a trusted place where you can sell your phone easily and get a good deal.

If you’ve just bought a new phone and don’t know what to do with your old phone, then here’s your answer. Sell old mobile to Cashify and get the best price for it. If you are planning to buy a new phone, check out Cashify’s refurbished mobile phones. You can get your favourite phone at almost half price with six-month warranty, 15 days refund and free delivery.