Motorola Phones Have the Highest Depreciation rate of Above 85% pa

Motorola Phones Have the Highest Depreciation rate of Above 85 pa

Businesscafe - According to a CryptoMonday data presentation, Motorola phones depreciate very fast.

Its depreciation rate stands above 85% per year.


Reacting to the research, the CEO of CryptoMonday, Jonathan Merry, had this to say.


"Motorola One Hyper had the poorest performance of any handset traded during 2021.


It lost an astounding 85.7% of its value over the year." He went on.


"The Razr is similarly in a deplorable state, having lost 85.3% of its value over the previous year.


The Motorola One 5G had a decrease in value of 83.8% and currently sits in fourth place.


The trend shows how Motorola is quickly depreciating."


Trade-in trends

On the other hand, Apple's iPhone is the most valuable smartphone.


The brand took nine positions out of the ten most resold smartphones.


The iPhone 11 assumed the first position, followed by the iPhone XR, and the iPhone 12 Pro Max took third place.


In contrast, Motorola had a lousy year in 2021.


Three of their phones are in the top five most depreciated smartphones, having lost an astounding 85.7% of their worth.


The research also established that men would outnumber women in 2021 when exchanging their smartphones.


Besides, the age bracket of 25 to 34 traded in the most in smartphones, accounting for about 28.04% of all trades.


Furthermore, only 6.57% of traded technology belonged to those over 65.

Last modified on Sunday, 10 July 2022 11:59