Your Phone Loses Value Pretty Fast (Unless It’s an iPhone)

via Ben Brooks. Priceonomics:

Not all cell phones are created equal. You can buy an iPhone 4S today and sell it a few months later on the secondary market for almost what you paid for it. However, if you buy the latest big fancy Android phone, a few months later it has lost hundreds of dollars in value.

One reason why Android phones lose value so quickly is because the pace at which new Android phones are announced is so quick.