Smartphones depreciates a lot faster than your car

Planning to buy a new smartphone? Remember that the device may lose half of its value in a month which is even faster than your car, says an interesting study.

While cars typically lost 20 per cent of their value a year after being driven off, money-draining smartphones went down up to 65 per cent of their value in just a month of being released, musicMagpie.co.uk reported on Thursday.

The findings showed that only iPhones could retain their value much better than android-based devices.

While the iPhone 4 continues to retain 39 per cent of its value even five years after its launch, the iPhone 6 (16 GB) has managed to keep 50 per cent of its 539 British pounds market value a year after its release.

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